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Evening Standard
Evening Standard
Business
Oscar Williams-Grut

FCA cracks down on ‘refer a friend’ crypto offers as regulators circle sector

FCA City

An advert for bitcoin

(Picture: REUTERS)

The City’s top watchdog is tightening its grip on crypto and other high-risk investments as politicians and regulators fret that too many Brits are getting into investments they don’t understand.

The Financial Conduct Authority today launched a crackdown on financial advertising amid concerns about “the ease and speed with which people can make high-risk investments”.

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