Even Unpaid Social Media Crypto Promotions May Breach UK Ad Rules: Financial Regulator

The Financial Conduct Authority (FCA) gained oversight of crypto promotions with the approval of the Financial Services and Markets Act in June.

• 2023-07-18
• Financial Conduct Authority FCA Financial Services promotion rules

New Crypto Rules ‘Will Bite’ Firms That Market to Consumers, Says Financial Regulator

The Financial Conduct Authority said the UK is looking to protect consumers with upcoming crypto regulatory framework changes.

• 2023-05-11
• Sarah Pritchard FCA crypto regulation

UK regulator cracks down on illicit London crypto ATMs

Britain's markets regulator and police have swooped on suspected illegal crypto cashpoints (ATMs) across east London as authorities step up attempts to disrupt unregistered businesses deemed high risk for consumers. The Financial Conduct Authority (FCA), which last month launched a similar crackdown in the northern English city of Leeds, said on Wednesday it was reviewing evidence gathered from "a number of sites" and might take further action. The FCA, which has long warned consumers that cry

• 2023-03-08
• Financial Conduct Authority east London FCA cashpoints

UK Financial Regulator Takes Enforcement Action Against Crypto ATM Operators

The financial watchdog has teamed up with West Yorkshire Police to tackle crypto ATM operators in the city of Leeds

• 2023-02-14
• West Yorkshire Police Financial Conduct Authority ATMs FCA

Firms Unlawfully Advertising Crypto in UK Could Face Jail Time: FCA

Firms marketing crypto in any form will need to be regulated by the UK’s Financial Conduct Authority or face legal liability.

• 2023-02-06
• Financial Conduct Authority FCA UK Parliament UK Advertising Standards Authority financial regulator

UK watchdog warns crypto firms to prepare for advertising rule change

LONDON (Reuters) -Britain's financial watchdog warned crypto businesses on Monday to get ready for a rule change on advertising later in the year, warning that any breaches by company officials could mean up to two years in prison. Britain's finance ministry said last week it would set out secondary legislation this year to allow crypto firms which comply with the Financial Conduct Authority's anti-money laundering safeguards to issue their own promotions until new crypto regulation is introduc

• 2023-02-06
• crypto regulation Financial Conduct Authority secondary legislation company officials financial watchdog rule change FCA UK consumers