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
Regulator
EU Markets Regulator Calls for Ban on Proof-of-Work Crypto Mining: Report
Proof-of-work crypto mining should be banned in the European Union (EU), according to the vice chair of the European Securities and Markets Authority (ESMA).Erik Thedéen said that EU regulators should nudge the crypto industry towards the less energy-intensive proof-of-stake mining in an interview with the Financial Times."The solution is to ban proof-of-work," he said. … [Read more...] about EU Markets Regulator Calls for Ban on Proof-of-Work Crypto Mining: Report
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
European Markets Regulator Seeks Feedback on Regulation of Tokenized Securities
The European Union’s markets regulator is seeking feedback on whether regulations need to be amended to accommodate tokenized securities.The European Securities and Markets Authority (ESMA) is seeking submissions from stakeholders on the use of blockchain technology in the settlement and trading of tokenized securities.Specifically, ESMA is exploring whether existing rules need … [Read more...] about European Markets Regulator Seeks Feedback on Regulation of Tokenized Securities
Estonia Regulator Says No Plans to Ban Crypto
Estonia’s Ministry of Finance said on Sunday that new draft legislation for virtual asset service providers (VASPs) will not ban customers from owning or trading crypto, but the proposed requirements for VASPs could apply to decentralized wallet creators, including hefty capital requirements.Sunday’s statement came after news spread that the proposed bill would effectively ban … [Read more...] about Estonia Regulator Says No Plans to Ban Crypto