The UK government plans to legislate to address misleading cryptoasset promotions

Adverts will be brought into line with other financial advertising, ensuring they are fair and clear

New rules will increase consumer protection while encouraging innovation

The government plan to bring the promotion of cryptoassets within the scope of financial promotions legislation. This means the promotion of qualifying cryptoassets will be subject to FCA rules in line with the same high standards that other financial promotions such as stocks, shares, and insurance products are held to.

The UK government has laid out plans to become a “global hub” for the crypto industry, proposing new regulations for stablecoins, a Royal Mint NFT and a suite of other measures to court digital asset companies.

City minister John Glen said in a speech that the government was determined to show “the UK is open for business and open for crypto businesses”.

Cacelli Business Consulting with over ten years of experience in the City of London is able to assist entrepreneurs who wish to set up a company specializing in cryptocurrencies.

The United Kingdom, in particular the City of London, will become cryptocurrency world hub.

Why not be there?