UK Regulator Issues Crypto Ads Notice to 50 Firms — Says ‘This Is a Red Alert...
The U.K.’s advertising authority has sent an enforcement notice to more than 50 companies that advertise cryptocurrencies. “We will monitor for compliance and implement sanctions if we do not see improvements,” said the regulator. British Advertising Regulator’s ‘Red Alert’ Priority Issue The U.K. Advertising Standards Authority (ASA), the country’s regulator of advertising, announced Tuesday: We have issued an enforcement notice to over 50 companies which advertise cryptocurrencies, instructing them to review their ads and to ensure they....
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In a bid to “safeguard consumers,” the UK Financial Conduct Authority (FCA) has issued a warning regarding “common issues” observed in crypto asset promotions. With the implementation of a new marketing regime, the FCA has asserted its authority over crypto promotions in the UK. FCA Unveils Alert List To Expose ‘Non-Compliant Crypto Entities’ The FCA has […]
Alabama state regulator Joseph Borg will reportedly issue a warning/consumer alert on digital currency (the most popular of which being bitcoin) Tuesday. The alert will advise both consumers and investors who have issues cashing out of bitcoin or troubles withdrawing to stop trading, at least until the problems they're experiencing get sorted out. Borg has served for 20 years on the Alabama Securities Commission, and is presently the administrator, and is known for forming the task force that brought down Jordan Belfort's Stratton Oakmont investment firm (a story chronicled in the 2013....
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The Korea Financial Intelligence Unit (KoFIU) has decided to pursue some crypto firms that lack proper regulatory approval. A total of 16 firms have been in the regulator’s radar as they have not aligned with the regulatory approval. These firms had advertised crypto and and had offered the services to the Koreans without having appropriate […]