{"id":24115,"date":"2023-10-26T01:51:02","date_gmt":"2023-10-26T01:51:02","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/crypto-firms-have-already-breached-new-uk-promo-rules-221-times-says-fca\/"},"modified":"2023-10-26T01:51:04","modified_gmt":"2023-10-26T01:51:04","slug":"crypto-firms-have-already-breached-new-uk-promo-rules-221-times-says-fca","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/crypto-firms-have-already-breached-new-uk-promo-rules-221-times-says-fca\/","title":{"rendered":"Crypto firms have already breached new UK promo rules 221 times, says FCA"},"content":{"rendered":"
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Crypto-promoting firms have breached the United Kingdom\u2019s new crypto marketing rules at least 221 times since coming into force in early October, says the country\u2019s financial regulator. <\/p>\n
In an Oct. 25 statement, the U.K. Financial Conduct Authority (FCA) said since the Oct. 8 crypto promotion rules came into place, firms are still failing to provide visible enough risk warnings, provide adequate information about risks, and are making claims about the safety, security or ease of using crypto without highlighting the risks involved. <\/p>\n
The FCA\u2019s latest warning count comes after it said on Oct. 9 that it issued 146 alerts on breaches of the new rules in the 24 hours after the new regime went live.<\/p>\n
\nFind out the 3 common issues we’ve identified with #cryptoasset<\/a> financial promotions.<\/p>\n
Consumers should check the FCA Warning List before making any investment in #crypto<\/a>https:\/\/t.co\/CKn4cFxb11<\/p>\n