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U.K. Treasury Moves to Bring Crypto-Related Ads Under the FCA’s Oversight

The love-hate relationship between the cryptocurrency space and the United Kingdom continues, as the government now sets its sights on ads in the industry. Earlier this week, the U.K. Treasury Department issued a set of new proposals, hoping to bring ads in the crypto space under the jurisdiction of financial regulators. Improved Clarity for Consumer Protection If approved, the proposals will give the U.K.’s Financial Conduct Authority (FCA) oversight of ads for specific cryptocurrency types. Speaking on their impact, John Glen, the U.K.’s Economic Secretary to the Treasury and City Minister, explained that it would curb the proliferation of false and…

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