Britain’s finance regulator has warned the cryptocurrency industry that if the new advertising rules are broken, they will face 2 years in prison.
UK Crypto Advertising Rules
Until a new law is passed, most likely in 2024, the British finance regulator said that a full FCA license company must be the one who approves crypto ads.
In a statement, the FCA said “All cryptoasset firms marketing to UK consumers, including firms based overseas, will soon need to comply with the new UK financial promotions regime. Firms must start preparing now for this regime. We will take robust action against firms breaching these requirements.”.