FCA sends a final warning on cryptoasset financial promotion

The FCA issued a final warning to cryptoasset firms marketing to UK consumers and those supporting them to get ready for the financial promotion regime, on 21 September 2023.

The FCA is concerned by the poor engagement from many unregistered, overseas cryptoasset firms who have UK customers, and their readiness to comply with the new regime from 8 October 2023.

The FCA also reminds all businesses supporting unregistered cryptoasset firms (e.g. payments firms, social media platforms and search engines) to carefully consider their obligations under the Proceeds of Crime Act 2002 (POCA).

Download this At a glance for a summary of the FCA's final warning on cryptoasset financial promotion.