FCA to Delay Some Tighter Crypto Marketing Rules Until 2024
- Firms can apply for delay on changes like cooling-off period
- Regulator expressed concern about lack of engagement so far
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The UK’s Financial Conduct Authority will give some crypto firms more time to implement certain changes to their marketing processes ahead of new rules on financial promotions set to kick in next month.
Crypto services are set to be categorized under the country’s high-risk investments category for marketing materials from October 8, meaning all platforms globally will need to display clear risk warnings to UK customers and have any public promotions approved by an authorized firm.