UK Financial Regulator to Limit Crypto Ads to Sophisticated, Wealthy Investors

plans to tighten restrictions crypto-asset advertising

after the government gives it increased power to regulate the industry and protect investors who may not fully understand the risks they are taking on. The Financial Conduct Authority said it plans to classify crypto assets such that consumers would be able to respond to promotions only if they are high net worth or sophisticated investors."Too many people are being led to invest in products they don’t understand and which are too risky for them," Sarah Pritchard, the FCA's executive director of markets, said in a statement.

TheFCA sheldonreback Thanks $HEIST for such a big project this one gonna blow up get urself a bag and let's go to the MOON $HEIST is gonna blow up unlike anything we've seen before, the devs and community are strong SHEIST / SHIBAHEIST / SHEISTARMY / $HEIST

TheFCA sheldonreback Sophisticated? Lol Half of them can’t use a microwave, they have “Nannies” for that… wealthy? Yes! Sophisticated? I wouldn’t exactly call Boris’s bunch “sophisticated” 😂👍

TheFCA sheldonreback No more tether for the UK kids, sorry. Overall, good changes in crypto advertising

TheFCA sheldonreback TheFCA blocks myepayments for 2 years, then disclaims any liability! And people are waiting for money! Why is TheFCA needed? financialombuds? actionfrauduk?

TheFCA sheldonreback Too late --- everyone has lost already. Crypto market on it's knees thanks to the Brokers Weighting the order books and shorting everyones staked coins...

TheFCA sheldonreback If sharing incentives were banned, there would be little enthusiasm for sharing. But in turn, it raises the bar for newbies in disguise, and that time newbies will need to pay for someone to teach them about it

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