FCA strengthens crypto investment promotion rules

‘Restricted mass market investments’

Jenna Brown
clock • 2 min read

The Financial Conduct Authority (FCA) will categorise qualifying cryptoassets as ‘restricted mass market investments’ to reduce consumer harm, it has confirmed.

The regulator said it was acting to address concerns about the ease and speed with which people can make high-risk investments and was proposing a "significant strengthening" of its rules on how high-risk financial promotions are marketed. It said this was a central element of the its Consumer Investments Strategy, published in September last year, which aimed to give" consumers the confidence to invest and reduce the number of people who are investing in high-risk products that are not aligned to their needs". Sarah Pritchard, executive director of markets at the FCA, said: "Too many...

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