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UK Regulator Warns Non-Compliant Crypto Memes Could Lead to Criminal Offenses

The UK's Financial Conduct Authority (FCA) has warned that crypto memes may be considered criminal offenses if they do not comply with existing financial promotion rules. The FCA's proposed guidelines state that any form of communication can be considered a financial promotion and subject to the Financial Services and Markets Act.

The regulator has seen memes and similar communications circulated on social media that users may not realize are subject to their rules, particularly in the crypto asset sector. Crypto firms like Coinbase have praised UK regulators for providing more legal clarity on compliance compared to their US counterparts.

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