Britain’s financial regulator on Thursday tightened rules over the promotion and selling of cryptocurrency as it seeks to protect consumers.
Under the new rules, companies promoting crypto products or services in Britain must from October give a “clear warning” that customers could lose money in “high-risk” investments.And the watchdog will also ban “refer a friend” bonuses that are designed to incentivise crypto investing. The announcement comes after Britain introduced legislation earlier this year to bring crypto promotions under the scope of the FCA.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: