UK government announces official crackdown on 'misleading' crypto ads

The UK government has revealed that it plans to update its laws in order "to bring the promotion of cryptoassets within the scope of financial promotions legislation." That will ensure any crypto promotion will be held to the same standards as promotion for stocks, shares and insurance products. It also has fall in line with the rules set by the Financial Conduct Authority (FCA). Governments have recently started cracking down on crypto ads in an effort to protect consumers from scams they may n...