BitDegree 2024-03-28 09:54:40

Influencers and Crypto Memes Under UK Financial Promotion Rules, Says FCA

Key Takeaways The UK's FCA has extended financial promotion rules to include social media influencers and cryptocurrency memes, emphasizing consumer protection in the digital finance sphere. Influencers and crypto entities must now ensure their financial promotions are authorized and transparent, incorporating explicit risk warnings. This regulatory update aims to mitigate the risks associated with misleading financial promotions and enhance the overall integrity of the financial market.

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