London transport hit by ‘aggressive’ marketing ‘assault’ from crypto meme coin Floki October 27, 2021 A digital token named after Elon Musk’s new dog, Floki, has rolled out hundreds of adverts in the capital in what it’s called “a full-out assault of the London public transportation system,” raising questions as to who is responsible for high-risk investments being advertised so widely. Floki Inu coin is one of many dog “meme” [...]
HMRC to issue ‘nudge’ letters targeting crypto asset owners across the UK October 20, 2021 HMRC has issued a statement warning individuals that they will soon be issuing “nudge” letters specifically in regards to crypto asset holdings. These “nudge” letters are yet to be circulated, but City A.M. checked in with Zoe Wyatt, partner and crypto asset specialist at Andersen UK. “These nudge letters are likely to have been automated [...]
Watchdog blames social media ‘hype’ and competitiveness for younger investors’ bets on crypto October 20, 2021 Three quarters of younger investors in the UK who place their bets on high-risk products, such as cryptocurrencies, say they are driven by “competition” with friends and their own past investments, according to new research from the FCA. Of the 1000 UK younger investors that the FCA surveyed between the ages of 18 and 40 [...]