PANews reported on August 8 that according to Cointelegraph, the UK Financial Conduct Authority (FCA) has issued more guidance on the compliance of cryptocurrency promotion. Since October 2023, the FCA has begun to regulate the promotion of cryptocurrency services and continues to help the industry comply with these regulations. The FCA reviewed relevant companies to understand their implementation of cooling-off periods, risk warnings, customer classification, investment suitability assessments, record keeping and due diligence on crypto assets. The regulator found some good and bad practices and emphasized that companies should work directly with the FCA to improve standards across the industry. Two weeks after the new regulations came into effect, the FCA found more than 200 violations and issued additional rules to facilitate the compliance process.