UK tightens rules on cryptocurrency sales

The regulator states in its release that the number of people holding cryptocurrencies in the UK has doubled, to 10% by 2022 according to a survey it commissioned, and that "many regret their decision". From October, the risks of loss in the decentralized and volatile cryptocurrency market will have to be displayed more explicitly, vouchers to sponsor a friend will be banned and a retraction period will be offered for new users, the FCA lists in a statement. "Our rules give people the appropriate time and warnings to act informed," assures Sheldon Mills, one of the FCA's directors in the same text.