UK regulators have found that some overseas cryptocurrency companies have "very low" participation in the upcoming advertising rules. Officials from the UK Financial Conduct Authority said that they are trying to get some foreign cryptocurrency companies involved in the upcoming industry promotion rules, but these companies are not responding positively.
The promotion rules require cryptocurrency companies to post appropriate warnings on their websites and impose a 24-hour waiting period on new investors to confirm whether they are willing to sign a contract with the company. The rule will take effect on October 8. Regulators also allow companies to choose to apply for a three-month extension to comply with the rules.
