FCA Crackdown Fails to Remove Half of Illegal Crypto Ads in UK: Report

The UK Financial Conduct Authority (FCA) faces mounting criticism after data revealed that nearly half of flagged illegal crypto ads remain online despite the agency’s crackdown efforts. According to a report by the Financial Times, between October 2023 and October 2024, the FCA issued 1,702 alerts regarding non-compliant crypto ads, apps, and websites. However, only 54% of these ads were successfully removed. Source: ft.com The FCA, which has the legal authority to impose fines and…   

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