The Advertising Standards Council of India (ASCI) has released guidelines for the promotion of cryptocurrency and virtual assets related services, prohibiting advertisers to use certain words that may lure consumers

The post Here’s How India Will Start Regulating Crypto Related Ads Starting April appeared first on Fintech Singapore.

The Advertising Standards Council of India (ASCI) has published guidelines covering the advertisement of different crypto assets after finding that several ads “do not adequately disclose” risks associated with crypto. The ASIC noted in its guidelines that crypto companies need to put on a disclaimer in their advertisements. Earlier, the Indian finance ministry had announced […]

Read full post The Advertising Standards Council of India issues guidelines on advertising crypto assets. on Chaintimes.com.

Major crypto businesses, including FTX, eToro, Crypto.com and Coinbase, debuted crypto ads during Super Bowl 2022.

This weekend, you can get ready for the “Crypto Bowl.” For the first time, advertisements for cryptocurrency firms are anticipated to dominate the commercial breaks during the year’s most important athletic event. Several cryptocurrency exchanges, including Coinbase, EToro, Crypto.com, and FTX, would likely air advertising during the Super Bowl on Sunday. However, the crypto markets

The post Super Bowl And Crypto – Athletes Cashing on Digital Currencies  appeared first on CoinGape.

According to the Bloomberg report, The U.K. has less than 12 months to regain its footing on crypto or face a loss of talent and even its status as a global financial-services leader, the country’s former Chancellor of the Exchequer Philip Hammond warned. It’s “frankly quite shocking” that Britain has fallen behind other finance hubs […]

Read full post Former Chancellor says it is “shocking” that the U.K. has failed to set clear regulations on the crypto industry. on Chaintimes.com.

NFT-integrated features could provide a number of benefits to social network users on Twitter, but are they as good as they sound? The Metaverse ambitions of Meta (formerly Facebook) have clearly had a significant impact on the business scenarios of other corporations and companies. The next thing we’ve seen is that Meta’s major competitors and [...]

The post Is Twitter Paying Attention to NFT Scammers? appeared first on Blockonomi.

From a $69,000 ATH  just last year, Bitcoin has now lost 50% of its value in the current market fall. We can see that the markets are volatile and the adoption in the sector is undeniably at its peak. Monetary policy and regulatory environment Many experts take the market weakness to be the result of […]

Crypto prices haven’t been this low since early last summer.

Singapore is telling all crypto companies within its borders to cease advertising their products and services to members of the public. This rule also applies to any banks or traditional institutions that offer crypto. They are not allowed to produce any advertisements and they cannot show these ads in public areas like on buses or...

The post Singapore Looks to Place a Limit on Crypto Advertising appeared first on Live Bitcoin News.

Several regulators around the globe have taken a hostile approach around crypto exchanges and crypto-related companies by forbidding them to advertise the industry to the general public. However, Binance’s CEO Changpeng Zhao thinks this will not affect the high demand of the market. Curbing Crypto Ads Crypto-related firms have been accused by international regulators of marketing their services with misleading messages that undermine the risk digital assets investments could possess to users. Spain, U.k., and Singapore have banned the advertisement of crypto to different extents. In Singapore alone, crypto exchanges and other licensed companies can only publish ads on their own websites and mobile apps to avoid reaching the general public. The country’s ban includes “any form of advertisements or promotional materials in public areas such as Singapore public transport, public transport venues, broadcast media or periodical publications, third party websites, social media platforms, public events or roadshows.” “MAS stresses that DPT service providers should conduct themselves with the understanding that trading of DPTs is not suitable for the general public. These Guidelines set out MAS’ expectation that DPT service providers should not promote their DPT services to the general public in Singapore.“ Spain requires a pre-approval for any crypto advertisement directed towards an audience of 100,000 or more people and all ads and must include a warning like such: “Investments in crypto-assets are not regulated. They may not be appropriate for retail investors and the full amount invested may be lost.” In the U.K., authorities have banned several ads that they have claimed to be “irresponsible and took advantage of consumers’ inexperience or credulity.”  Related Reading | Fidelity Says What We’ve Been Thinking: Countries & Central Banks Will Buy BTC Why It Won’t Affect Price The price of cryptocurrencies is driven by demand and supply, meaning the interest users have in the market and the availability of each digital coin. For this reason, the effects that bans might have on the adoption of cryptocurrencies are believed to be important for the future of the market. Binance CEO Changpeng Zhao (also known as “CZ”) alleged during a CNBC International interview that the reason why regulators take this approach on advertisements is that the crypto industry has a huge demand. Even though the CEO thinks these bans could slow down the industry’s growth, CZ is not worried about the macro picture because he thinks the demand for crypto is so high that curbing crypto ads will have little impact. Changpeng Zhao claimed that most users are driven to the crypto industry through “word of mouth” marketing rather than ads. “Clampdown on crypto advertising is unlikely to have much of an effect on demand, as most of the crypto users come from word-of-mouth promotions anyway.” CZ noted that Facebook and Google opposed crypto ads for a long time and even though they are giant platforms that reign over the internet, this has not affected the adoption of digital assets. Binance is the largest crypto exchange in the world and it recently withdrew its application to start a cryptocurrency exchange in Singapore after facing pressure from the country’s regulators over concerns of risks and consumer protection. The exchange, however, has not lost interest in conducting business in the country. The global regulatory framework is miles away from becoming clear, and Binance is working to adapt and comply, taking “strategic, commercial and developmental” considerations. CZ stated that Binance hasn’t driven its eyes away from Singapore for the country might change its regulatory framework later on. The future location of Binance headquarters remains a mystery. CZ said they are exploring “everywhere in the world.” The CEO noted that Binance is working with many authorities to help them build a comprehensive regulatory framework for the crypto market. Related Reading | Binance’s CZ Wants Entrepreneurs To Create Coins. Does His Argument Make Sense? Crypto Total Market Cap At the time of writing, the global market cap of cryptocurrencies sets its price at $1,8 trillion, showing a decline of %3 in the daily chart.

The UK FCA will limit crypto ads to wealthy investors only and also wants to ban incentives like refer friends and new joiner rewards so let’s read further in our latest crypto news. The UK FCA will limit crypto ads in its new plans to tighten restrictions on advertising after the government gave it the […]

Monetary Authority of Singapore forced crypto ATM services to shut done in the country. The MAS aims to enforce its ...

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