This is a logical continuation of the proposals published in early February by the British Treasury Department regarding the regulation of crypto-asset-related activities in the financial sector. In addition to supervision Fixed Currencies As a means of payment, the government wants to regulate crypto investment promotions. It will be done soon.
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UK Unveils Plan to Regulate Financial Services for Cryptos
Starting October 8, companies that provide services around cryptocurrencies to individuals will have to introduce a cooling-off period for new investors. According to the Financial Conduct Authority (FCA). That they should put warnings in place “clear” And make sure there are ads “Fair and not misleading”. The aim is to ensure that “People have the knowledge and experience to invest”.
The watchdog’s report explains that there are a number of cryptocurrency holders “More than double between 2021 and 2022” indicates that 10% of the 2,000 were investigated Own it.
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France lags behind in holding cryptocurrencies, with 9% followers
“Whether to buy cryptocurrencies is everyone’s choice. But studies show that many people regret making rash decisions. However, consumers should be aware that cryptocurrencies are often unregulated and high risk. Investors should be prepared to lose their money. said Sheldon Mills, executive director for consumer and competition at the FCA.
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Hong Kong Accelerates in Crypto
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