UK FCA may issue crypto promotion rules, says crypto ‘may offer potential benefits’
ambcrypto.comNick du Cros, Head of Compliance and Regulatory Affairs at CoinShares, recently stated that the UK was close to introducing new crypto promotion rules. Just last month, the Canadian securities regulator also issued promotion guidelines for crypto-platforms.
Quoting the latest Financial Conduct Authority (FCA) perimeter report, he lauded the crypto initiatives in the country. However, “few timelines” on these open initiatives make execution dates unclear, he added.
Citing that 4.4% of UK adults own crypto, the report stated,
“Cryptoassets and their underlying technology may offer potential benefits for financial services, and we will continue to encourage innovation in financial services and to support competition in consumers’ interests.”
Howev
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