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ARTICLE · 16 OCTOBER 2023

How Will The Financial Conduct Authority's New Rules Impact On Crypto Fraud?

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The new rules for the marketing and promotion of cryptoassets introduced by the Financial Conduct Authority (FCA) have finally been implemented. All organisations, including those overseas...

United KingdomTechnology
Joanna Bailey
Joanna Bailey
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The new rules for the marketing and promotion of cryptoassets introduced by the Financial Conduct Authority (FCA) have finally been implemented. All organisations, including those overseas, will have to adhere to the new regime aimed at protecting investors, particularly vulnerable novice investors.

The continuous rise of crypto fraud has led to changes to legislation that bring cryptoasset promotions under the remit of the FCA. The FCA's new rules and regulations now include how the promotion and marketing of cryptoassets is conducted, as of 8 October 2023. The attempts to prevent crypto fraud must be balanced with the Government's aim to make the UK a worldwide crypto hub.

What exactly are the regulations?

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