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| Crypto exchange log in | On 18 January , HM Treasury confirmed that "qualifying cryptoassets" will be brought into scope of the financial promotions regime. The FCA wants to add friction into the customer journey for obtaining high-risk investments such as qualifying cryptoassets, and proposes to: introduce a risk warning ban inducements to invest like free tokens for introducing friends add "positive frictions" like personalised risk warnings make changes to investor declarations so that investors are better able to understand what type of investor they are require firms to robustly assess investors' knowledge and experience. A qualifying cryptoasset has to be fungible, which should exclude most NFTs from being subject to the amended financial promotions regime. On this page. Hot Topics Metaverse. |
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