Government set to tighten rules on 'misleading' cryptoasset promotions

Six month transition

James Baxter-Derrington
clock • 1 min read

The UK Government has laid out plans to address “misleading” cryptoasset promotions, bringing the regulation on advertising the products in line with other financial advertising.

Following a consultation, the government plans announced today (18 January) set out a six month transition timeline, which would end with the promotion of "qualifying cryptoassets" being subject to FCA rules in line with the standards applied to other financial promotions, including stocks, shares and insurance products. It stated this would "balance the desire to encourage innovation with the need to ensure that cryptoasset advertisements are fair, clear, and not misleading". The consultation was launched in response to research that suggested while 2.3 million people in the UK are t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA data request prompts SimplyBiz's sector-wide compliance session

FCA data request prompts SimplyBiz's sector-wide compliance session

Nearly 600 advisers sign up for July webinar on navigating new s165 data requirements

Sahar Nazir
clock 09 July 2025 • 2 min read
FCA data information request: Four focus areas for advisers

FCA data information request: Four focus areas for advisers

‘Data is not just a compliance tool it’s a strategic asset’

Chris Davies
clock 07 July 2025 • 5 min read
FCA to extend bullying and harassment rules to non-banks

FCA to extend bullying and harassment rules to non-banks

Extension will apply to 37,000 firms

Cristian Angeloni
clock 02 July 2025 • 2 min read