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The UK's Financial Conduct Authority (FCA) has identified three major problems with crypto promotions in the country. The regulator has added dozens of crypto firms, including Huobi and KuCoin, to its warning list as it tightens its grip on the industry. The FCA has found that firms are trying to fudge rules on crypto promotions.
The FCA issued a statement on Oct.25, warning crypto firms that they still need to comply with the new rules on financial promotions for crypto assets https://t.co/2iHijVxK71
Crypto-promoting firms have continued to fall foul of @TheFCA's new financial promotion rules, with 221 alerts issued against crypto firms since Oct. 8. https://t.co/xZSV0uZwz0
📣 Latest News: Crypto firms have already breached new UK promo rules 221 times, says FCA #news #cryptonews #crypto
Discover the ripple effects of the FCA's new crypto rules in the UK. From crypto firm exits to the advent of regulatory "gatekeepers" https://t.co/S7ALL20HhO
FCA finds firms trying to fudge rules on crypto promotions https://t.co/f0voKHPsKM
The FCA continues to highlight the 'risky' business of crypto trading, identifying some key issues with cryptoasset financial promotions in a new warning. Full story 👇 https://t.co/r9cJM9nemJ #Tech | #News | #Crypto
U.K. watchdog @TheFCA takes aim at illegible crypto risk warnings after blocking Binance's local partner and adding 221 firms to its alerts list. By @iamsandali https://t.co/Rfqu8Qn6op
FCA identifies three major problems with UK crypto promotions https://t.co/fbvsAUr0OB
📣 Latest News: UK Regulator Warns of "Common Issues" in Crypto Marketing #news #cryptonews #crypto #regulations
Huobi and KuCoin were among dozens of crypto firms added to the UK’s warning list, as the regulator tightens its grip on the industry https://t.co/ToUjQ4wIM6