UK Financial Conduct Authority adds crypto asset promotion to remit

UK Financial Conduct Authority (FCA) has issued a warning regarding common issues in cryptocurrency marketing. The FCA states that legislative changes will bring the promotion of cryptocurrency assets under its jurisdiction. Since October 8th, we have been monitoring companies to ensure compliance with new regulations aimed at providing consumers with accurate information and risk warnings. We are also working with payment companies to restrict UK consumers from accessing companies that promote cryptocurrency assets illegally.