Guidelines for crypto asset promotion that got here into pressure in the UK on Oct. 8 have led to some confusion, judging from the low degree of compliance. The Monetary Conduct Authority (FCA) responded with further steerage for crypto corporations to assist them fall into line.
The FCA launched “finalized non-handbook steerage” to compliance with the principles for crypto corporations on Nov. 2. It additionally supplied the regulatory company’s response to trade suggestions. FCA director of client investments Lucy Castledine stated in a press release:
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