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United Kingdom: Consultation closed on application of financial promotion order to cryptocurrencies

Policy overview

Description

Consultation closed on application of financial promotion order to cryptocurrencies

On 26 October 2020, the UK Treasury closed the consultation on its proposal to bring certain cryptoassets into the scope of the Financial Promotion Order. The aim of the proposal is to protect consumers by fighting against misleading advertising and lack of information surrounding the cryptoasset market. The consultation is parallel to the consultation on the regulatory approach to cryptocurrencies.

Original source

Scope

Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
online advertising provider, digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

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2021-07-20
in consultation

On 20 July 2020, the UK Treasury published a consultation on its proposal to bring certain cryptoas…

2021-10-26
processing consultation

On 26 October 2020, the UK Treasury closed the consultation on its proposal to bring certain crypto…

2022-01-18
under deliberation

On 18 January 2022, the UK Treasury published the results of its cryptoasset promotion consultation…

2022-01-19
in consultation

On 19 January 2022, the UK Financial Conduct Authority published a consultation paper on its propos…

2022-03-23
processing consultation

On 23 March 2022, the UK Financial Conduct Authority closes the consultation on its proposed rules …

2023-06-08
in consultation

On 8 June 2023, the UK Financial Conduct Authority (FCA) opened a consultation for stakeholders to …

2023-07-04
adopted

On 4 July 2023, the Financial Conduct Authority (FCA) issued a notice to cryptoasset firms outlinin…

2023-08-10
processing consultation

On 10 August 2023, the UK Financial Conduct Authority (FCA) closed its consultation on its new adve…

2023-10-08
in force

On 8 October 2023, the Financial Conduct Authority (FCA) advertising rules for crypto assets were i…