United States: FCA Publishes Letter On Preparations For Cryptoasset Financial Promotion Rules

On 7 September 2023, the Financial Conduct Authority (” FCA “) published a letter (” Letter “) setting out its findings from meetings with various cryptoasset businesses (” CBs “), and additional actions it is taking to support CBs in their compliance with the FCA’s new cryptoasset financial promotions rules coming into force on 8 October 2023.

From such date, the existing UK financial promotions rules will apply to all firms that market cryptoassets to UK consumers, regardless of whether the firm is based outside or inside the UK, or the type of technology used to make the promotion.

The Letter […]

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