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BTCC / BTCC Square / Global Cryptocurrency /
FCA Crackdown Fails to Remove Half of Illegal Crypto Ads in UK

FCA Crackdown Fails to Remove Half of Illegal Crypto Ads in UK

Author:
Global Cryptocurrency
Published:
2025-01-01 19:43:02
0
0
The UK Financial Conduct Authority (FCA) faces criticism as data revealed that nearly half of flagged illegal crypto ads remain online despite crackdown efforts. Between October 2023 and October 2024, the FCA issued 1,702 alerts regarding non-compliant crypto ads, apps, and websites, but only 54% were successfully removed. The FCA has yet to penalize any entity for failing to comply with takedown requests and has concentrated efforts on social media influencers who promote unauthorized financial products online.

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