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UK Regulator Cracks Down on Meme Coin and Cryptocurrency Influencers

UK Regulator Cracks Down on Meme Coin and Cryptocurrency Influencers

2024/03/27 19:01

The U.K. financial regulator has issued a warning to financial influencers who may be sharing misleading advice online, including tips about popular cryptocurrency memes. Financial influencers who share misleading advice online could face up to two years in prison, an unlimited fine, or both, the U.K.'s Financial Conduct Authority (FCA) said Tuesday.

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