Crypto memes could land you in prison or with an unlimited fine for breaching financial promotion rules, UK regulator warns ‘finfluencers’

• The UK's financial regulator is proposing new rules for social media promotions.
• It specifically highlights memes promoting crypto investment as potential rule-breakers.
• Anyone who fails to outline the risks of such investments could face up to two years in prison.

Crypto memes could break financial promotion rules and land people in prison, the UK's Financial Conduct Authority said Monday. 

The regulator is proposing new rules for social media, cracking down on "finfluencers" or financial influencers who promote financial services online.