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Crypto Cooling off period to begin in the UK.

In a worldwide first, Crypto exchanges in the UK will be required to offer each customer a 24-hour “cooling-off period”.

It is speculated that this means customers will only be able to complete their transactions after a day has passed.

Company execs that don’t comply will risk two years’ imprisonment.

It will no longer be legal to “Refer a friend”, and advertising must not be msileading.

The changes, introduced by the Financial Conduct Authority, will become law on 8 October 2023, and will apply to Bitcoin, other digital currencies, and crypto.

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