FCA Issues New Guidelines for Crypto Firms on Marketing Compliance

cryptostudent.io 1 miesiąc temu
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The FCA discovered over 200 rule violations little over two weeks after rule implementation.
In June of 2023, the FCA made an announcement on the introduction of new rules.
The UK’s financial watchdog, the Financial Conduct Authority (FCA), has issued fresh guidelines for cryptocurrency companies that promote cryptocurrency services. In October 2023, the FCA implemented laws regarding the marketing of cryptocurrencies and has since been assisting the sector in meeting these requirements.
The authority looked at how businesses were putting the rules for advertising crypto services into action. It picked businesses that met the criteria, contacted them for information, and even paid them a visit.
Stringent Compliance
The Financial Conduct Authority (FCA) was interested in hearing how businesses were handling the following: the 24-hour cooling-off period; customer classification; determining whether an investment was suitable; maintaining records; and doing due diligence on

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