Rishi Sunak, the British chancellor, recently expressed his concerns about the promotion of cryptocurrency investment through the mass media. In his opinion, advertising misleads financial market customers and can entail huge risks.
"Advertising carries a threat because they can cause great financial losses for the inhabitants of the UK, in particular, we are talking about the representatives of the middle class and above," said the chancellor.
The official does not deny that the cryptocurrency gives new opportunities to the inhabitants of the United Kingdom.
“This is a great way to get a good return on investment in a completely new asset class. In addition, the cryptocurrency expands the range of available transactions on the Web and creates a lot of new services for its users,” the man added.
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Sunak stressed that the efficiency of means of payment has a special potential.
The chancellor's statement also noted that the government of the United Kingdom is ready to intend to support the crypto industry for the benefit of its inhabitants, but only within the jurisdiction. That is because the main task of the authorities is, first of all, to protect too gullible users from all kinds of losses.
The UK government may soon develop a new law that will impose restrictions on digital asset advertising service providers. This, by the way, is quite possible, because the authorities have repeatedly announced such intentions before.