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The UK FCA called it a consultation paper, it will await feedback on the draft rules until 23rd March. Following which it will provide the The Financial Conduct Authority (FCA), the United Kingdom’s financial regulator, has released another round of guidance for crypto firms that advertise crypto Introduction . On, the UK Financial Conduct Authority (FCA) published a discussion paper, which seeks views on the rules that should apply to persons All cryptoasset firms marketing to UK consumers, including firms based overseas, will need to comply with the UK financial promotions regime from . The FCA has published a new handbook outlining guidance for crypto firms covering social media promotions. The 30-page document covers the best practice for the The FCA will determine in any given case whether there is a sufficiently controlling party or parties that ought to be subject to the requirement to be authorised in line New Financial Promotion Rules in the UK require firms marketing crypto-assets to adhere to new requirements, including clear risk warnings and client categorization. Find out what crypto The FCA has published its anticipated Policy Statement (PS23/6) ‘Financial promotion rules for cryptoassets’ which brings cryptoasset promotions made to UK consumers

UK FCA Draws a Line for Promoting Crypto Products: What You Need to Know

The UK Financial Conduct Authority (FCA) is cracking down on cryptoasset promotions, setting a clear line for firms marketing crypto products to UK consumers. Get the latest updates on the new regulations and understand what they mean for your crypto business.

The Financial Conduct Authority (FCA), the United Kingdom’s financial regulator, has released another round of guidance for crypto firms that advertise crypto. To address concerns about misleading promotions and the risks associated with investing in cryptoassets, the FCA is implementing stricter rules. These changes aim to protect UK consumers and ensure they are fully informed before investing.

Key Changes & Deadlines

New Financial Promotion Rules in the UK require firms marketing crypto-assets to adhere to new requirements, including clear risk warnings and client categorization. This means businesses need to overhaul their marketing strategies to comply with the updated regulations.

The FCA has published its anticipated Policy Statement (PS23/6) ‘Financial promotion rules for cryptoassets’ which brings cryptoasset promotions made to UK consumers under its purview. This policy statement provides comprehensive details on the new requirements.

All cryptoasset firms marketing to UK consumers, including firms based overseas, will need to comply with the UK financial promotions regime from [insert effective date - based on document].

Consultation and Feedback

The UK FCA called it a consultation paper; it will await feedback on the draft rules until 23rd March. Following which, it will provide a comprehensive response and finalise the regulations.

Guidance on Social Media Promotions

The FCA has published a new handbook outlining guidance for crypto firms covering social media promotions. The 30-page document covers the best practice for the promotion of crypto assets on social media platforms.

Who is Responsible?

The FCA will determine in any given case whether there is a sufficiently controlling party or parties that ought to be subject to the requirement to be authorised in line with the new regulations. This will prevent firms from attempting to circumvent the rules by claiming they are not directly responsible for the promotions.

Stay Compliant

On [Date], the UK Financial Conduct Authority (FCA) published a discussion paper, which seeks views on the rules that should apply to persons promoting cryptoassets. Introduction of these regulations marks a significant step in the UK\'s approach to cryptoasset regulation. Make sure your crypto business understands and adheres to these guidelines to avoid penalties and maintain a positive reputation in the market.

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