Financial Conduct Authority (FCA) of the United Kingdom has released a new guideline
FCA has observed an increasing use of memes in crypto communications without firms realizing the need to comply
The development affects meme coins including Dogecoin and PEPE
The Financial Conduct Authority (FCA) of the United Kingdom has released a new guideline aimed at addressing the noncompliance of crypto memes with promotional guidelines.
The FCA has observed an increasing use of memes in crypto communications without firms realizing the need to comply with its guidelines.
FCA’s development affects meme coins
This development potentially impacts meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE), which were created as internet memes and often communicate with their communities using memes.
The FCA emphasizes that these meme coins should adhere to its guidelines or face potential legal consequences, including a two-year jail term. The FCA guideline suggests that crypto
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