A recent report revealed that approximately one-third of individuals were involved in overseeing the activities of crypto firms. The report also mentioned that 95 investigations are related to cryptocurrencies.
In addition, the regulator issued 221 non-compliance warnings and identified three common shortcomings among cryptocurrency companies. The agency emphasized that it would take action against firms that do not comply with the regulations.
This announcement came shortly after the U.K.’s crypto firm marketing regime started enforcing rules that require such firms’ advertising to be clear, fair, and not misleading.
