Reference Case Number: FOI11709
Freedom of Information: Right to know request:
‘Please may I request the following information broken down by calendar month since 1st October 2023 until the present day (09.10.2024) regarding PS23/6:
- Number of alerts issued by the FCA about cryptoasset promotions
- The number of times the FCA was able to remove illegal content to protect consumers under its cryptoasset promotions regime
- The number of times an alert issued by the FCA about cryptoasset promotions resulted in enforcement action
If it helps, by alerts I am referring to the kind mentioned in this press release: https://www.fca.org.uk/news/statements/fca-issues-146-alerts-first-24-hours-new-crypto-marketing-regime’
FCA response:
For question 1, we have published 1702 consumer alerts concerning illegal cryptoasset promotions.
For question 2, we have taken down over 900 crypto scam websites and removed 56 apps that were illegally promoting crypto investment activities.
For question 3, Consumer alerts do not result in enforcement action but are one of the tools we use to warn consumers that a firm or individual is not FCA regulated.
The table below sets out the monthly breakdown requested for each of the questions above regarding alerts and online content removal:
The table below sets out the monthly breakdown requested for each of the questions above regarding alerts and online content removal:
| No of alerts issued about cryptoasset promotions | No of times illegal content removed under its cryptoasset promotions regime | ||
|---|---|---|---|
| October 2023 | 230 | 125 | |
| November 2023 | 148 | 88 | |
| December 2023 | 128 | 65 | |
| January 2024 | 230 | 124 | |
| February 2024 | 80 | 53 | |
| March 2024 | 109 | 56 | |
| April 2024 | 84 | 51 | |
| May 2024 | 136 | 87 | |
| June 2024 | 145 | 75 | |
| July 2024 | 161 | 81 | |
| August 2024 | 113 | 44 | |
| September 2024 | 97 | 47 | |
| 1 October 2024 – 9 October 2024 | 41 | 23 | |
| Total | 1702 | 919 |