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UK financial watchdog could give crypto firms until January 2024 for marketing compliance

Published 09/07/2023, 01:29 PM
Updated 09/07/2023, 03:00 PM

The United Kingdom’s Financial Conduct Authority, or FCA, has reiterated its warning for all crypto asset firms marketing to users in the country to be in compliance with rules going into effect in October 2023, but added companies could have “more time to implement certain changes.”

In a Sept. 7 notice, the FCA said crypto firms operating in the U.K. could have until Jan. 8, 2024 to address technical issues related to its financial promotions regime if granted approval. The financial watchdog announced the rules aimed at curbing aggressive marketing by crypto firms in June, saying that companies would have to provide “clear, fair and not misleading” ads or risk criminal charges.

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