FCA Press Release Highlights Poor Compliance With UK Crypto Marketing Rules

On the 7th of August, The Financial Conduct Authority (FCA) issued a detailed report exposing widespread non-compliance among cryptocurrency firms with its marketing rules. The report and press release detail the findings of a comprehensive review into how well firms are abiding by the new crypto marketing regulations, which were introduced in October 2023. The 2023 regulations were intended to protect consumers from the unpredictable nature of crypto investments. They imposed strict requirements on firms promoting crypto products and services. Most notable among the complicated regulations was the mandatory inclusion of risk warnings, cooling-off periods, and suitability assessments. However, the