Britain’s monetary watchdog warned crypto companies on Monday to prepare for tighter guidelines on promoting later within the 12 months, warning that any breaches may imply as much as two years in jail.
“All cryptoasset firms marketing to UK consumers, including firms based overseas, will soon need to comply with the new UK financial promotions regime,” the Financial Conduct Authority stated in a press release. “Firms must start preparing now for this regime. We will take robust action against firms breaching these requirements.”
Discover the tales of your curiosity
Stay on high of expertise and startup news that issues. Subscribe to our day by day publication for the most recent and must-read tech news, delivered straight to your inbox.
Source: economictimes.indiatimes.com