I think it is also important to point out that we will continue to act where we see firms acting illegally and to date we have issued over 1,000 warnings on unregistered crypto firms that are illegally promoting to the UK market.
So we've issued the alerts against those firms, and actually, our actions have already resulted in the removal of 48 apps from UK app stores, and we will continue to work with third parties, like social media companies, to try to get illegal websites removed and taken down as appropriate.
The rules require firms to take reasonable steps to establish whether a consumer is a restricted, high-net worth or certified sophisticated investor before communicating financial promotions.
However, we saw poor examples where firms are guiding consumers through the process by telling consumers what they need to enter to proceed," the FCA said.
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