Category: Regulation

UK to Tighten Rules on Crypto Ads to Ensure They’re Fair, Clear, Not Misleading

UK to Tighten Rules on Crypto Ads to Ensure They’re Fair, Clear, Not Misleading

The U.K. government has announced plans to impose new rules on cryptocurrency ads to ensure they are fair, clear, and not misleading to consumers. The rules will be enforced by the Financial Conduct Authority (FCA). UK to Impose New Rules on Crypto Ads The U.K. government announced Tuesday plans to impose new rules on cryptocurrency […]

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New Spanish Regulations to Target Crypto Investment Ads

New Spanish Regulations to Target Crypto Investment Ads

As part of regulations that are set to become effective in mid-February, crypto-asset investment promoters will be required to inform the Spanish securities watchdog of the contents of any ad that targets over 100,000 people. 10-Day Advance Notice Rule The Spanish government has tasked the country’s securities watchdog with authorizing advertisements that promote cryptocurrencies, a […]

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Australian Regulator Warns Against Investing Retirement Funds in ‘High Risk’ Crypto-Assets

Australian Regulator Warns Against Investing Retirement Funds in ‘High Risk’ Crypto-Assets

An Australian regulator has warned residents seeking to self-manage their retirement funds to be wary of investing in crypto-asset investments that promise high returns in a short space of time. The regulator reiterates in the warning that crypto-assets are a high-risk and speculative investment. Scammer Tactics The Australian financial services regulator, the Australian Securities and […]

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Pakistani Bank Asks Customers to Avoid Conducting Crypto Transactions

Pakistani Bank Asks Customers to Avoid Conducting Crypto Transactions

A major bank in Pakistan has reportedly asked its customers to avoid conducting cryptocurrency transactions. Bank Alfalah’s action came shortly after the State Bank of Pakistan, the country’s central bank, submitted a report to the Sindh High Court recommending a complete ban on cryptocurrency. Bank Alfalah Asks Customers to Avoid Conducting Crypto Transactions Pakistani Bank […]

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India’s Prime Minister Modi Calls for Global Collaboration on Crypto — Says ‘We Have to Have a Similar Mindset’

India’s Prime Minister Modi Calls for Global Collaboration on Crypto — Says ‘We Have to Have a Similar Mindset’

India’s prime minister, Narendra Modi, has called on governments worldwide to collaborate on cryptocurrency. He pointed out that “The kind of technology that is associated with it, the decisions taken by a single country will be insufficient to deal with its challenges.” Indian Prime Minister Urges ‘Every Country, Every Global Agency’ to Collaborate on Cryptocurrency […]

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Spain announces new rules for influencer crypto posts

Spain announces new rules for influencer crypto posts

Spanish regulators are pushing to control the way cryptocurrencies are marketed, with new restrictions on influencers’ promotions. The Comisión Nacional del Mercado de Valores (CNMV), the government agency responsible for the financial regulation of the securities markets in Spain, issued a release on Monday defining the new rules. Posts promoting crypto-assets must now include the […]

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Singapore curbs crypto marketing in digital asset crackdown

Singapore curbs crypto marketing in digital asset crackdown

Singapore has cracked down on crypto marketing in a bid to curb a frenzy of retail trading in risky digital assets.  In guidelines issued by the Monetary Authority of Singapore on Monday, the regulator said “the public should not be encouraged to engage in the trading of [digital payment tokens (DPT)].” The body advised that […]

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Indian Prime Minister Rallies For Global Cooperation on Cryptocurrency

Indian Prime Minister Narendra Modi has issued a rallying call to all stakeholders worldwide to jointly tackle the potential risks and challenges that are linked to Bitcoin and cryptocurrencies in general. Modi spoke virtually about the topic during the Davos conference of the 2022 World Economic Forum. The prime minister shared his belief that cryptocurrency […]

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Pakistan Seeks to Block Websites Dealing in Cryptocurrency: Report

Pakistan Seeks to Block Websites Dealing in Cryptocurrency: Report

Pakistan’s Federal Investigation Agency (FIA) is reportedly seeking to block websites dealing in cryptocurrency. The decision followed a meeting the agency had with the State Bank of Pakistan (SBP) which recently recommended a complete ban on crypto. Pakistan’s FIA Reportedly Seeks to Block Cryptocurrency Websites Pakistan’s Federal Investigation Agency (FIA) is seeking to block websites […]

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MTI Mastermind Arrest: Lawyer Points to Agreement Relating to Johann Steynberg’s Extradition to South Africa

MTI Mastermind Arrest: Lawyer Points to Agreement Relating to Johann Steynberg’s Extradition to South Africa

With Johann Steynberg now in custody in Brazil, a lawyer has suggested that South Africa may have to resort to an existing legal assistance agreement with Brazil if it wishes to have the CEO extradited. However, the success of any such extradition will depend on the next steps taken by authorities in Brazil. Steynberg Extradition […]

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