Odaily Planet Daily News Nick Taylor, director of public policy at crypto exchange Luno, said that Luno plans to ban some British customers from investing in cryptocurrencies. According to an email received by some Luno customers, starting October 6, they will not be able to buy or trade cryptocurrencies.
Taylor said that the British Financial Conduct Authority (FCA) has implemented new marketing rules for encryption companies, which will come into effect on October 8. So all compliant crypto companies with UK customers are making some adjustments to their platforms to comply with the new regulations. Affected Luno customers can still sell cryptocurrencies and withdraw money, and Luno is taking a phased approach to reintroducing investment opportunities to its customers. (CoinDesk)
According to previous news, the British Financial Conduct Authority issued a document on its official website stating that due to the need to give encryption companies more time to change their marketing processes, some new encryption marketing regulations can be postponed to 2024, but the core content will still be implemented on October 8 this year. Implemented daily.
This means that from October 8, cryptocurrency services will be classified as a high-risk investment category for UK marketing materials, and all platforms globally will need to display clear risk warnings to UK customers and have any public promotions approved by authorized companies .