UK clamps down on cryptocurrency sector

Nigeria News News

UK clamps down on cryptocurrency sector
Nigeria Latest News,Nigeria Headlines
  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Britain's financial regulator on Thursday tightened rules over the promotion and selling of cryptocurrency as it seeks to protect consumers.

Britain’s financial regulator on Thursday tightened rules over the promotion and selling of cryptocurrency as it seeks to protect consumers.

Under the new rules, companies promoting crypto products or services in Britain must from October give a “clear warning” that customers could lose money in “high-risk” investments.And the watchdog will also ban “refer a friend” bonuses that are designed to incentivise crypto investing. The announcement comes after Britain introduced legislation earlier this year to bring crypto promotions under the scope of the FCA.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MobilePunch /  🏆 8. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Senate Presidency: Tinubu Meets Senators-elect ThursdaySenate Presidency: Tinubu Meets Senators-elect ThursdayPresident Bola Ahmed Tinubu will interface with Senators-elect and members-elect of the House of Representatives concerning the presiding officers of the
Read more »

Federation Cup: Stephen Keshi Stadium, Asaba To Stage Grand Finale On ThursdayFederation Cup: Stephen Keshi Stadium, Asaba To Stage Grand Finale On ThursdayThe Grand Finale of this year’s NFF-Tingo Federation Cup Competition will take place at the Stephen Keshi Stadium, Asaba on Thursday, 15th June 2023.
Read more »

Prince Harry's past drug use at issue in US visa casePrince Harry's past drug use at issue in US visa caseA conservative US think tank urged a federal judge on Tuesday to order the release of the immigration records of Britain's Prince Harry, w
Read more »

Atiku lines up three INEC ad hoc staff to testify against TinubuAtiku lines up three INEC ad hoc staff to testify against TinubuThe Presidential Election Court in Abuja, on Wednesday, postponed the testimony of one of the three INEC electoral officers until Thursday.
Read more »

Controversial Kano cleric, Nasir, is deadControversial Kano cleric, Nasir, is deadHis funeral prayer will hold on Thursday at 9 a.m. at the Emir of Kano's palace, Mr Ubale said.
Read more »



Render Time: 2025-04-19 03:31:45