BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Crypto Ad Ban In UK A Failure? 50% Still Active Despite Restrictions
Crypto Ad Ban In UK A Failure? 50% Still Active Despite Restrictions
17
2
The Financial Conduct Authority (FCA), the UK’s financial watchdog, has faced challenges in enforcing its rules on illegal crypto advertisements. Despite flagging 1,702 illegal cryptocurrency ads, websites, and apps between October 2023 and October 2024, only 54% were removed online. Nearly half of these ads are still active and potentially luring investors or unsuspecting victims. The FCA has the authority to regulate these ads and file criminal cases against violators, but has failed to fully implement these rules.
