First-time crypto investors to be offered ‘cooling-off’ period under new rules
Business Jun 5, 2023 at 13:21
The financial regulator will also ban UK companies that sell crypto assets from offering “refer a friend” bonuses as part of its plans to crack down on advertising in the industry.
First-time investors in crypto assets will be offered a 24-hour cooling-off period as part of a wider crackdown on advertising in the industry by the UK’s financial regulator.
First-time investors in cryptoassets should be offered a 24-hour cooling-off period by those marketing them, according to the City regulator.