Since October last year, the FCA has issued over 1,000 warnings to crypto companies

ChainCatcher news, according to CoinDesk, since the financial promotion rules came into effect on October 8 last year, the UK's Financial Conduct Authority (FCA) has issued over 1,000 warnings to crypto companies. Under the new rules, crypto companies must be registered with the FCA to promote to UK customers.

FCA's Director of Consumer Investments, Lucy Castledine, stated in an interview that these actions have led to the removal of 48 apps from local app stores in the UK.