Half of banned cryptocurrency ads in the UK are still online due to regulators 'failure to punish companies
On January 1, according to the Financial Times, although half of the banned advertisements remained online after regulators requested the removal of illegal cryptocurrency advertisements, British financial regulators have not yet punished any company that failed to remove illegal cryptocurrency advertisements. Penalty. According to data obtained through a Freedom of Information Request, only 54% of the 1,702 alerts issued by the UK Financial Conduct Authority between October 2023 and October 2024 resulted in illegal encrypted ads, apps or websites being closed.
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