[New British financial regulations challenge cryptocurrency companies, DeFi projects need to invest US$500,000 to respond] Gabriel Shapiro, general counsel of Delphi Labs, recently warned that the new financial promotion regulations of the British Financial Conduct Authority (FCA) will bring consequences to most cryptocurrency companies. to comply with the problem. Shapiro said that strict compliance with regulations may only be feasible for centralized exchanges and a few established DeFi projects, but these entities may also face compliance challenges due to time constraints. He revealed that each project may require at least US$500,000 in legal advisory and development costs, which means funds may need to be reallocated from other areas. The UK FCA’s revised financial promotions regime will come into effect in October and will impact the marketing of crypto assets.