The Financial Conduct Authority (FCA) will restrict crypto-asset trading to the wealthiest investors

January 19, 2022 | 11:20 AM

Financial Conduct Authority (FCA)FCA, for its acronym in English) Suggest restriction Crypto Asset Trading Wealthy and experienced investors, as part of a broader campaign to strengthen consumer protection around high-risk investments.

According to Bloomberg, the British watchdog said in a statement on Wednesday that it plans to classification Crypto assets classified as “restricted collective market investments”.

This means that consumers can only transponder for marketing Financial of crypto assets if they are categorized as restricted, high-value or sophisticated investors, the financial authority said.

The proposal comes after the Treasury Department announced on Tuesday that it plans to toughen rules on encrypted advertising To ensure that promotions are “fair, clear and not misleading.”

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cipher It caught the attention of regulators globally as a result of the volatile price movements of digital assets, from Bitcoin s ether Even memecoins how Shiba Inu, as well as the complexity of products and the lack of consumer protection.

The FCA is seeking feedback on its proposals before March 23rd and intends to confirm this Final rules In the summer, Bloomberg reported.