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FCA to get new powers to crack down on misleading crypto advertisements
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Around 2.3 million people in the UK are now thought to own a cryptoasset with their popularity rising - but research by the FCA suggests that understanding of what crypto actually is is declining, suggesting that some users may not fully understand what they are buying. Chancellor of the Exchequer, Rishi Sunak says: "Cryptoassets can provide exciting new opportunities, offering people new ways to transact and invest - but it’s important that consumers are not being sold products with misleading claims.
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