The FCA's director of consumer investments, Lucy Castledine, emphasizes the importance of legality in promotions, stating that promotions must adhere to the law and action will be taken against those promoting financial products illegally. Influencers must disclose any financial interests in the assets they promote, similar to any investment pitch.

The FCA warns that financial promotions communicated in chatrooms such as Reddit and Telegram that use memes to hype investments are still subject to financial promotion restrictions. The popularity of meme coins and tokens in the crypto world does not exempt them from regulatory oversight.

Cryptocurrencies based on internet memes are known for their volatility and the potential for rapid gains or losses for investors.

The FCA advises influencers to consider promoting financial products with caution, especially in light of recent regulatory action in the US against celebrities endorsing cryptocurrencies on social media platforms. Despite regulatory scrutiny and market fluctuations, some influencers continue to support meme coins like PepeCoin.

Introducing Green Bitcoin: A Sustainable Twist on Crypto Investing

A new cryptocurrency called Green Bitcoin has entered the market, distinguishing itself through an environmentally friendly approach and a unique staking mechanism called "Predict to Earn." Investors can earn rewards by predicting Bitcoin's price movements and holding onto their investments for long-term APY rewards.

The staking program offers bonus rewards based on the duration of the stake, ranging from 5% to 15%. Even if investors' predictions are incorrect, they can still potentially profit from the program.

Green Bitcoin's presale has already attracted over $1.1 million, demonstrating its growing presence in the eco-conscious crypto market.

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