EddieJayonCrypto

 2 Jan 25

tl;dr

The Financial Conduct Authority's (FCA) efforts to remove illegal cryptocurrency advertisements in the UK have seen limited success. Despite issuing 1,702 alerts, only 54% of the promotions have been taken down. FCA warned of penalties for non-compliance, including imprisonment and fines, but has no...

The Financial Conduct Authority's (FCA) crackdown on illegal cryptocurrency advertisements in the UK has had limited success, with only 54% of the 1,702 alerts issued resulting in the removal of promotions. The regulator aims to finalize crypto regulations by Q1 2026, focusing on market abuse and platforms. Despite warnings and penalties for non-compliance, illegal crypto ads persist in the UK. Solana's Pump.fun and Binance have taken measures following FCA warnings, highlighting the ongoing challenges in regulating the UK's crypto industry. With FCA's regulatory efforts yielding underwhelming results, the future approach to addressing noncompliance remains a point of interest.

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