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The FCA has published its anticipated Policy Statement (PS23/6) ‘Financial promotion rules for cryptoassets’ which brings cryptoasset promotions made to UK consumers within the...
The Financial Conduct Authority said it will treat crypto like a high risk investment, and will consult on new guidance for its rules on promotions.
While some lawmakers have aligned with the government’s proposal, others want the volatile assets to be treated as gambling.
Andrew Griffith (pictured) insisted the Government was delivering reforms that will maintain Britain's status as a world-leading centre for finance.
Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.