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FCA warns social media firms about cryptocurrency promotions
The Financial Conduct Authority (FCA) has warned social media firms that it would hold them responsible for the publication of illegal financial promotions of crypto-assets, two days after the Online Safey Bill passed its final reading in the House of Lords. Addressing delegates at the recent PIMFA conference in London, Lucy Castledine, director of consumer investments at the FCA, said the UK regulator had become increasingly concerned by the spread of unregulated advice on social media and other digital channels. And she warned crypto-assets were a risk in the consumer investment space, with consumers being ... (full story)