U.K. Parliament Proposes Regulating Non-Asset-Backed Cryptocurrencies as Gambling
The U.K. Parliament has released a 28-page report proposing to regulate cryptocurrencies that are not backed by real assets as gambling. The study stresses that such cryptocurrencies, including bitcoin and ether, could potentially be used for fraud and money laundering. ...
French Senate Committee Approves Amendments to Cryptocurrency Advertising Bill
But this only applies to service providers that have registered with the AMF No cryptocurrency companies have yet received a license due to strict requirements In the initial iteration, the bill included harsh penalties for promoting cryptoassets and services rela ...
UK Cryptocompanies could approve their own advertising under new proposed amendment
An amendment proposed to the Financial Services and Markets Bill would allow cryptocompanies that are already registered with the FCA to independently approve their own advertising. Passage of the amendment would allow UK supervisors, the Financial Conduct Authority (FCA) a ...
French Senate Committee approves amendment to allow crypto ads by media personalities
The French Senate Economic Affairs Committee approved an amendment to current legislation that allows media personalities to advertise cryptocurrency assets on social media. The proposed amendment, which was approved by the economic affairs committee, will be debated in the ...
Australian Billionaire Gina Rinehart’s Name Used in Cryptocurrency Scam Ads
Cryptocurrency fraudsters have resorted to using the identity of one of the wealthiest women in Australia, Gina Rinehart, who is the owner of Hancock Prospecting, to advertise their schemes. The scammers are claiming that Rinehart has invested in a particular cryptocurrency startup and that users ...