FCA: Cryptocurrency firms have breached UK’s new promotion rules 221 times

The UK’s financial regulator said crypto promotion companies have breached the UK’s new cryptocurrency marketing rules at least 221 times since they came into effect in early October. The British Financial Conduct Authority (FCA) said in a statement on October 25 that since the implementation of cryptocurrency promotion rules on October 8, companies have still failed to provide clear enough risk warnings and provide sufficient information about the risks. , and make claims about the safety, security, or ease of use of cryptocurrencies without emphasizing the risks involved. (Cointelegraph)