🇬🇧 The FCA has published guidance for “finfluencers” who create memes about cryptocurrencies and other investments. The regulator requires influencers to obtain approval from an FCA representative before advertising or posting memes about financial products and services. Illegal promotion of financial products can be classified as a criminal offense. The FCA urges consumers to be vigilant against misleading advertising and scams online. 🚨 It's important to note that the FCA has strengthened its oversight of financial promotions, removing more than 10,000 misleading adverts in the past year.