UK FCA releases comprehensive guidance on cryptocurrency marketing compliance

According to the official announcement, the UK Financial Conduct Authority (FCA) has issued guidance on cryptocurrency marketing compliance, which is its first rule for all crypto companies marketing to UK consumers, urging all companies to read the good and bad practice guides, as well as the guidance document GC23/1 previously issued by the FCA. If a company wants to provide services that fall within the scope of the Anti-Money Laundering Regulations (MLR), it must register with the FCA. These services include providing crypto asset transactions, peer-to-peer services, issuing new crypto assets (such as IC0 or IE0), and custodial wallet providers. The FCA will provide a lot of support to potential applicants and will register companies that meet anti-money laundering and terrorist financing control standards.