Category: U.K. Financial Conduct Authority

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Crypto firms could face 2 years jail for breaching UK advertising laws

February 7, 2023

Crypto firms in the United Kingdom could face some harsh punishments under the FCA’s proposed financial promotions regime. Newly proposed advertising rules in the United Kingdom could potentially see executives of crypto firms face up to two years of prison for failing to meet certain requirements around promotion, according to the United Kingdom’s financial watchdog. …
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UK Watchdog Asks Crypto ATM Providers to Stop Operating or ‘Face Enforcement Action’

March 13, 2022

U.K. watchdog, the Financial Conduct Authority (FCA), has told firms running crypto ATMs in the country that they are operating illegally and must therefore shut down their machines. Operators that fail to heed the warning will face enforcement action, the FCA said. Crypto ATM Providers Operating Illegally The U.K. financial sector watchdog, the Financial Conduct…
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