The enforcement action offers insight for global firms into the FCA’s approach under the financial promotions regime.
On 10 February 2026, the FCA publicised that it has commenced proceedings against an offshore crypto platform for breach of the UK financial promotions regime for cryptoassets. This is the first enforcement action the FCA has taken following expansion of the financial promotion regime to cryptoassets on 8 October 2023 — although we are aware that the FCA has been bilaterally engaging with a number of market participants in respect of the regime.
The action provides clear insight into the FCA’s approach and is relevant to global crypto platforms and anyone providing cross-border crypto services to UK clients.
