TechFlow news: The UK financial regulatory authority has issued guidelines warning social media influencers who promote financial products, including cryptocurrencies. The Financial Conduct Authority (FCA) stated that influencers receiving payment for promoting financial products must obtain regulatory approval to avoid criminal charges.
The FCA also noted that memes are a potential source of online violations, as users often do not realize that promotional memes may be subject to FCA rules, and pointed out that crypto-related memes are particularly prevalent in influencer promotions.
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