#PEPE Coin in Trouble? Financial Regulator Clamps Down On Crypto #Memes
The FCA highlighted the presence of promotional memes from crypto firms that many people are unaware are subject to its promotional rules.
#Crypto firms and influencers operating in the United Kingdom may soon be required to include disclaimers on crypto-related memes to ensure compliance with advertising laws.
The Financial Conduct Authority (FCA), the country’s #financial regulator, recently released proposed guidance on social media financial promotions, specifically targeting promotional memes and financial influencers, also known as “finfluencers.”
The FCA highlighted the presence of promotional memes from crypto firms that many people are unaware are subject to its promotional rules.