LONDON, Feb 6 (Reuters) - Britain's financial watchdog
warned crypto businesses on Monday to get ready for tighter
rules on advertising later in the year, warning that any
breaches could mean up to two years in prison.
"All cryptoasset firms marketing to UK consumers, including
firms based overseas, will soon need to comply with the new UK
financial promotions regime," the Financial Conduct Authority
said in a statement. "Firms must start preparing now for this
regime. We will take robust action against firms breaching these
requirements."
(Reporting by Huw Jones, Editing by Louise Heavens)
Messaging: huw.jones.thomsonreuters.com@reuters.net))
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