To combat financial scams, the UK's financial regulator has issued new guidelines. Memes shared by influencers ("finfluencers") and financial companies must now be accurate and approved by an authorized representative. This move aims to address the increasing prevalence of misleading promotions, particularly in the cryptocurrency industry.
UK exchanges receive approval to offer ETNs backed by cryptocurrencies, including Bitcoin and Ethereum. These products are deemed high-risk and only suitable for professional investors. Retail investors may consider managed funds to gain exposure to cryptocurrencies.
