The UK will adjust its financial promotion regime later this year, and cryptocurrency companies that violate it could face up to two years in prison

ChainCatcher news, the UK's Financial Conduct Authority (FCA) has stated that cryptocurrency companies marketing to UK consumers must prepare for the financial promotion regime. All cryptocurrency companies marketing to UK consumers, including those based overseas, will soon need to comply with the UK's new financial promotion regime. The UK government is expected to adjust the financial promotion regime later this year, and any violations by crypto companies could result in up to two years of imprisonment. (Reuters)