The U.K.'s financial services regulator plans to tighten restrictions crypto-asset advertising after the government gives it increased power to regulate the industry and protect investors who may not fully understand the risks they are taking on.The Financial Conduct Authority (FCA) said it plans to classify crypto assets such that consumers would be able to respond to … [Read more...] about UK Financial Regulator to Limit Crypto Ads to Sophisticated, Wealthy Investors
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Singapore Looks to Curb Crypto Ads
The Monetary Authority of Singapore (MAS) issued a set of guidelines on Monday that limit crypto firms from advertising their services to the public.Digital payment token (DPT) service providers "should not promote their DPT services to the general public in Singapore," MAS said in a statement.Crypto is "highly risky and not suitable for the general public" and service … [Read more...] about Singapore Looks to Curb Crypto Ads
Crypto.com Sees 2 Ads Banned by UK’s Advertising Regulator
“We appreciate the collaborative dialogue and engagement from the ASA regarding advertising in the U.K. in this relatively new industry, and remain committed to working with them and regulators around the world to ensure all of our activities are compliant with the most recent regulatory guidelines,” a Crypto.com spokesperson told CoinDesk. Source link … [Read more...] about Crypto.com Sees 2 Ads Banned by UK’s Advertising Regulator
Arsenal FC Fan Token Ads Criticized by UK Regulator
Arsenal said the tokens differed from cryptocurrencies, which are a means of payment, as they were designed for entertainment and to encourage fan participation. The tokens could not, at the time the ads appeared, be traded on the Socios app. The club also denied that the ads were for cryptocurrency investments. Source link … [Read more...] about Arsenal FC Fan Token Ads Criticized by UK Regulator
Crypto Firms Get a Slap From UK Advertising Regulator Over Misleading Ads
Other companies censured include pizza chain Papa John’s, which in May offered to give away £10 ($13) in bitcoin with orders over a certain amount. In response, the company said it has a long-running association with cryptocurrency, dating back to May 2010 when it was believed that bitcoin had been first used to buy two Papa John’s pizzas. Source link … [Read more...] about Crypto Firms Get a Slap From UK Advertising Regulator Over Misleading Ads