British FCA: Many unregistered companies do not actively participate in financial promotion of new regulations

Odaily News The UK Financial Conduct Authority (FCA) said that many unregistered companies did not actively participate in financial promotion of new regulations, and only 24 companies responded to a survey sent to more than 150 companies. The FCA further stated: “The lack of participation gives us serious concerns about the readiness of unregistered companies to comply with the new regime.” (The Block) In previous news, the FCA announced that all crypto asset companies marketing to users in the country must comply by October 2023. Comply with its financial promotions (promotions) system. From October 8, companies operating in the UK will only have four legal ways to promote crypto assets.