The financial regulator will also ban UK companies that sell crypto assets from offering 'refer a friend' bonuses as part of its plans to crack down on advertising in the industry.
First-time investors in crypto assets will be offered a 24-hour cooling-off period as part of a wider crackdown on advertising in the industry by the UK’s financial regulator.should be offered a 24-hour cooling-off period by those marketing them, according to the City regulator.
The regulator's policy statement on financial promotion rules for cryptoassets said:"Even when the financial promotions regime comes into force, cryptoassets will remain high risk and largely unregulated.
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