UK FCA releases comprehensive guidance on cryptocurrency marketing compliance

Odaily News According to the official announcement, the Financial Conduct Authority (FCA) of the United Kingdom has issued guidance on compliance in cryptocurrency marketing. This is the first rule it has formulated for all crypto companies marketing to British consumers, urging all companies to read the good and bad practice guidelines, as well as the guidance document GC23/1 previously issued by the FCA. If a company wishes to provide services that fall within the scope of the Anti-Money Laundering Regulations (MLR), it must register with the FCA. These services include providing crypto asset transactions, peer-to-peer services, issuing new crypto assets (such as IC0 or IE0), and custodial wallet providers. The FCA will provide a lot of support to potential applicants and will register companies that meet anti-money laundering and terrorist financing control standards.