UK government announces crackdown on cryptocurrency adverts

The UK government has announced a crackdown on cryptocurrency-related adverts that could be considered misleading.

On Tuesday, the Exchequer said that legislation is due to be proposed to force cryptocurrency and crypto services, in general, to adhere to existing financial advertising laws. 

Cryptocurrencies and crypto assets continue to increase in popularity. The UK government & HMRC have worked to create and enforce taxation rules – with UK holders now expected to pay capital gains tax on their trades – but outside of the legal arena, the general public is still exposed to adverts that may lure individuals into investing into products without fully understanding them.

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