Only 14% of crypto-asset business registrations submitted to the FCA have been approved by the regulator since it became the crypto market supervisor in 2020.

The FCA published 146 warnings about crypto-asset promotions in just the first day of its new crypto-marketing regime which was introduced on 8 October.

I’m not a fan of crypto investing. It’s possibly one of the nastiest and least useful new investment sectors of the last 10 years, if you can call it an investment sector.

The FCA is to press ahead with tough new rules on cryptoasset product marketing from 8 October but will soften some of its deadlines.