In 2023, the Financial Conduct Authority (FCA) in the United Kingdom took action by ordering the withdrawal or amendment of more than 10,000 finance-related promotions. This regulatory move by the FCA aimed to ensure compliance and protect consumers from misleading or inappropriate financial advertisements. The FCA’s intervention highlights its commitment to maintaining transparency and safeguarding the interests of individuals engaging with financial products and services. By scrutinizing and addressing these promotions, the FCA aims to uphold the integrity of the financial sector and promote responsible advertising practices.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinUK Regulator Cracks Down on 450 Illegal Cryptocurrency Ads in 2023