The U.K. looks to ban crypto cold calls
The U.K. Treasury has issued a consultation paper to gather evidence about the impact of banning finance-related cold calls on businesses. The ban would cover calls related to crypto investments too.
The government will not tolerate this behavior.
Crypto promotions under the radar
Last month, the Financial Conduct Authority (FCA), the financial regulator of the U.K., proposed to bring crypto promotions within the ambit of advertising laws in the country.
Virtual asset corporations can advertise crypto to retail investors at large. However, they must include risk warnings too. It also warned financial influencers that crypto promotions or advice, unless FCA-approved, could be an offense punishable by up to two years in jail, an unlimited fine or both.
