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Bitpanda expands services in UK with FCA approval
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In CP22/2 we proposed to classify cryptoassets as ‘Restricted Mass Market Investments’. This would allow them to be mass marketed to UK consumers subject to certain restrictions, in addition to the overarching requirement that financial promotions must be fair, clear and not misleading. The restrictions proposed included: clear risk warnings, banning incentives to invest, positive frictions, client categorisation requirements and appropriateness assessments.
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