Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
The FCA has issued more than 1,000 warnings to crypto firms since rules on financial promotions for crypto companies took effect on Oct. 8 last year.
The U.K.'s Financial Conduct Authority has issued over 1,000 warnings since its financial promotion rules for crypto firms took effect last October, Lucy Castledine, the regulator's director of consumer investments, told CoinDesk. "I think it is also important to point out that we will continue to act where we see firms acting illegally and to date we have issued over 1,000 warnings on unregistered crypto firms that are illegally promoting to the U.K. market," Castledine said in an interview.
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