The UK's Financial Conduct Authority (FCA) has approved stricter regulations to combat misleading advertising associated with high-risk investment products.
According to the press release shared by the regulator, the new requirements do not affect cryptocurrencies.
The final rules for the promotion of digital assets will be approved after the government and parliament confirm that this area falls under the regulator's jurisdiction.
According to the press release:
"These rules are likely to follow the same approach as those for other high-risk investments. Crypto remains high risk, so people need to be prepared to lose all their money if they choose to invest in crypto assets."
The regulator has noted the new requirements are designed to help consumers better understand the risks associated with investments, which will allow citizens to choose financial products that suit their experience.
