FCA cracks down on crypto referral bonuses under new advertising rules
New crypto advertising rules will take effect from 8 October
The FCA said firms must ensure that investors have 'appropriate knowledge and experience' to invest in crypto
Bloomberg via Getty ImagesThe Financial Conduct Authority has introduced tough rules for crypto marketing in the UK to counter the risks associated with the emerging asset class.
The regulatory body has banned ‘refer a friend’ crypto bonuses under its new advertising rules. According to the FCA, firms must ensure that investors have “appropriate knowledge and experience” to invest in crypto.
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