Britain Goes Hard On Misleading Cryptocurrency Adverts

Africa Podcast Network

The Finance Ministry says Britain is to crack down on misleading advertisements for crypto assets, which often target retail consumers with poor knowledge of the risks.
The finance ministry says that about 2.3 million people in Britain now own a crypto asset, but research suggests that understanding of the sector is declining, suggesting that some users may not fully understand what they are buying.
Britain’s finance minister Rishi Sunak says crypto-assets can provide exciting new opportunities, offering people new ways to transact and invest but important that consumers are not being sold products with misleading claims.