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U.K. Regulators Crack Down on Crypto Impulse Buys
U.K. Regulators Crack Down on Crypto Impulse Buys

The rules—proposed by the Financial Conduct Authority, the U.K.’s main financial regulator—would take effect Oct. 8 and apply to all companies, domestic and international, that sell crypto to U.K. consumers. “The new rules mean crypto firms must ensure that people have the appropriate knowledge and experience to invest in crypto,” the FCA said. About one in 10 U.K. citizens owned crypto assets in 2022, more than double the share from the prior year, according to FCA surveys.
UK to curb crypto advertising with 'cooling off' periods, risk warnings
UK to curb crypto advertising with 'cooling off' periods, risk warnings

British consumers buying cryptoassets will get a 24-hour "cooling-off" period for the first time from October under tougher marketing rules unveiled by the financial regulator on Thursday. The Financial Conduct Authority (FCA) said "refer a friend" bonuses for crypto buyers would also be scrapped and that those promoting such assets would have to put in place clear risk warnings and ensure adverts were clear, fair and not misleading. The new crypto rules, which are similar to those imposed by

UK regulator cracks down on illicit London crypto ATMs
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
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