**FCA's Crypto Industry Crackdown: New Measures to Protect Investors** In 2021, 63 cryptocurrency firms submitted applications to be registered by the Financial Conduct Authority (FCA). As the deadline approaches, City Minister John Glen has urged the FCA to exercise caution when approving new crypto advertising. To enhance investor protection, the FCA will soon implement a 24-hour waiting period for transactions involving new crypto investors. This measure aims to give individuals sufficient time to consider their decisions and seek advice before committing funds. The FCA's increased scrutiny of the crypto industry highlights growing concerns about the potential risks associated with these rapidly evolving digital assets. These measures are designed to foster a more responsible and transparent crypto market in the United Kingdom. As the crypto industry continues to expand, it's crucial for regulators to balance innovation with investor safety. The FCA's recent actions demonstrate their commitment to protecting consumers and ensuring the integrity of the financial markets.
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