British officials tighten control over cryptocurrency memes
The UK Financial Conduct Authority (FCA) has issued guidance to crypto firms and authorized entities under which the distribution of crypto memes is subject to regulation by the UK’s advertising laws. Released on July 17, the FCA’s guidance is directed at “financial agents” promoting digital assets through promotional memes. Officials suggest that market participants may not be aware that advertising memes are subject to regulatory rules. The FCA emphasizes that any form of communication related…
