UK watchdog says cryptocurrency memes might be thought of monetary propaganda

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Crypto firms and influencers may have to start out imposing disclaimers on crypto memes to adjust to UK promoting legislation, in accordance with new steering proposed by the UK monetary regulator.

On July 17, the Monetary Conduct Authority (FCA) liberated Draft Steering on Social Media Monetary Promotion for Promotional Memes and Monetary Influencers.

Examples of cryptocurrency investment-related memes that the FCA considers monetary promotions. Supply: FCA

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