Half of UK’s banned cryptocurrency ads remain online as regulators fail to penalize companies
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2025-01-01 14:02 6,757
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On January 1, the Financial Times reported that although half of the banned advertisements remained online after the regulator asked them to remove illegal cryptocurrency advertisements, the British financial regulator has not yet punished any company for failing to remove illegal cryptocurrency advertisements. impose penalties. According to data obtained through a freedom of information request, only 54% of 1,702 alerts issued by the UK Financial Conduct Authority between October 2023 and October 2024 resulted in the closure of illegal crypto ads, apps or websites.