1/ 🧵 UK has FCA unit that has been making the regulation on variety of the social media and ad markets where there is crypto being sold or advertised.
1/ 🧵 UK has FCA unit that has been making the regulation on variety of the social media and ad markets where there is crypto being sold or advertised.
2/ 🧵 New rules are making sure that the financial influencers have the credibility and the data to promote the crypto products and have enough idea on the things they claim.
3/ 🧵 Crypto firms are also advised not to claim things that they can't offer or prove if tested. So those high APR type of the claims would be tested by the FCA too.
4/ 🧵 Check out how Crypto regulations and the financial influencers are regulated by the UK's FCA unit.
https://inleo.io/@esmeesmith/uks-fca-extends-crypto-regulation-on-influencers-