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FCA releases supplementary guidance on UK crypto asset promotion rules

On October 8th, the promotion of encrypted assets rules that took effect in the UK caused some confusion. The Financial Conduct Authority (FCA) responded by providing additional guidance for cryptocurrency companies to help them comply with the regulations. FCA Consumer Investment Director Lucy Castledine stated in a statement, "Although the new rules for the cryptocurrency industry are consistent with existing rules for other high-risk investments, we have worked extensively with the industry and designed this guide specifically to support cryptocurrency companies in complying with the rules."

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