đDeFi & 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. đ€Šââïž 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. đ
đThe 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. đš
đ FCA is working with global watchdogs like IOSCO to ensure non-compliant firms are added to alert lists. International cooperation is key! đ€
đŁïž What do you think about the FCA's efforts? Share your thoughts in the comments! đŹ
đThe 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. đš
đ FCA is working with global watchdogs like IOSCO to ensure non-compliant firms are added to alert lists. International cooperation is key! đ€
đŁïž What do you think about the FCA's efforts? Share your thoughts in the comments! đŹ