UK to Introduce Tougher Marketing Rules for Cryptocurrencies, Including 24-Hour "Cooling-Off" Period

06/08 00:50

From October, British consumers purchasing cryptoassets will have a 24-hour "cooling-off" period for the first time, according to new marketing rules announced by the Financial Conduct Authority (FCA). The FCA also plans to scrap "refer a friend" bonuses for crypto buyers and require clear risk warnings for those promoting such assets. The new rules are similar to those imposed by the FCA last year to tackle advertising for high-risk investment in mainstream finance.

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