UK clamps down on cryptocurrency sector
Britain's financial regulator on Thursday tightened rules over the promotion and selling of cryptocurrency as it seeks to protect consumers.. "Our rules give people the time and the right risk warnings to make an informed choice," said Sheldon Mills, head of consumers and competition at the FCA. The announcement comes after Britain introduced legislation earlier this year to bring crypto promotions under the scope of the FCA. UK lawmakers are also demanding that crypto investments in Britain be regulated, in much the same way as the country's gambling industry.
