šDeFi & Web 3 enthusiasts, gather 'round! The UK's FCA is concerned about the "poor quality" of responses from unregulated overseas crypto firms about the upcoming promotions regime. š¤¦āāļø But hey, let's focus on the bright side: firms like ByBit, Luno, and PayPal are halting certain services to comply with the new rules. š
šThe FCA is ready to monitor compliance, with the ability to scan 100k websites daily! Unauthorized ads could mean jail time, so let's hope everyone gets on board. šØ
š FCA is working with global watchdogs like IOSCO to ensure non-compliant firms are added to alert lists. International cooperation is key! š¤
š£ļø What do you think about the FCA's efforts? Share your thoughts in the comments! š¬
šThe FCA is ready to monitor compliance, with the ability to scan 100k websites daily! Unauthorized ads could mean jail time, so let's hope everyone gets on board. šØ
š FCA is working with global watchdogs like IOSCO to ensure non-compliant firms are added to alert lists. International cooperation is key! š¤
š£ļø What do you think about the FCA's efforts? Share your thoughts in the comments! š¬