Longo says that it’s challenging to supervise the cryptocurrency industry since a lot of projects are not classified as “financial products.”Last month, federal police reported that Australians had lost A$109 million to crypto fraudsters in 2021.about the risks linked to investing retirement funds into crypto.
In early December, Federal Treasurer Josh Frydenberg announced his plan for regulating the crypto industry. The government also plans to issue its own cryptocurrency.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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UK Financial Regulator to Limit Crypto Ads to Sophisticated, Wealthy Investors.thefca plans to tighten restrictions on crypto ads in the U.K. so that only sophisticated investors can respond. By sheldonreback TheFCA sheldonreback Too late --- everyone has lost already. Crypto market on it's knees thanks to the Brokers Weighting the order books and shorting everyones staked coins... TheFCA sheldonreback If sharing incentives were banned, there would be little enthusiasm for sharing. But in turn, it raises the bar for newbies in disguise, and that time newbies will need to pay for someone to teach them about it TheFCA sheldonreback TheFCA blocks myepayments for 2 years, then disclaims any liability! And people are waiting for money! Why is TheFCA needed? financialombuds? actionfrauduk?
Source: CoinDesk - 🏆 291. / 63 Read more »
Crypto ATMs Are Suddenly Shutting Down in Singapore | CoinMarketCapCrypto ATMs are suddenly shutting down in Singapore 😬 Regulators say 'the trading of cryptocurrencies is highly risky and not suitable for the general public' 🚨 babydogecoin🐕🐶 MetaNFTGaming 🚀🗓LAUNCH 01.02 Start Mcap 250k🚀 🔥1 Year LP Locked 🔥Doxxed Team KYC SOON 🔥SolidProof Audit SOON 🔥Private Presale 2. Rounds 🔥Pinksale Whitelist Presale 🔥Launch 01.02 February Total Supply:10.000.000 MNG 2% BNB Rewards💵 2% Buyback🔥 2%LP🔓 3% Marketing🎺 BabyDogeCoinBabyDogeCoin
Source: CoinMarketCap - 🏆 290. / 63 Read more »
UK’s Financial Regulator Proposes to Treat Crypto Similarly to Other High Risk InvestmentsThe FCA recommended that promoting crypto-related services should be seen only by people with considerable financial knowledge and experience. nothing will really change. You see insurance, spread betting, stock ads on the tube/train etc, and they are all regulated. Youtubers will likely have to show some disclaimers, or not actually say 'buy this' which they mostly do anyway. This is obvs step for mass adoption
Source: Crypto_Potato - 🏆 568. / 51 Read more »
UK to Tighten Crypto Ad Regulations to Improve Consumer ProtectionThe U.K. government said it plans to strengthen the rules governing crypto ads to bring them in line with other financial assets, and published the results of a consultation that began almost two years ago. By iamsandali iamsandali DFY Digchain UK 🚀🚀🚀 iamsandali 👊 Jefe TOKEN 💠 2 Play-2-Earn Gamefi/NFT 👊 $Jefe swap now live 🎰 $Jefe play2earn competition going till Jan 19th 💎 Hand Holder rewards 💥 Chance to earn/win NFTS 👨 Team fully doxxed (on Video and socials on website) 🦸🦸♀️Community driven + supporting our heroes and heroine iamsandali LUNI Luniverse LUNIGANG luniverseworld 👀👀👀👀
Source: CoinDesk - 🏆 291. / 63 Read more »
Morgan Stanley Says Crypto Markets Are Weakening as Central Banks Look to Tighten.MorganStanley says that crypto markets have been weakening as central banks look to tighten. By willcanny99 Basically the story says utility will win out. Good news 👍 MorganStanley willcanny99 FOLLOW HQMC_NFT something big is coming….🧐
Source: CoinDesk - 🏆 291. / 63 Read more »
Law Decoded: First-mover advantage in a CBDC conversation, Jan. 10–17Strong framing move by U.S. Representative Tom Emmer and a looming threat of another crypto ban in Asia: a digest of last week's top crypto policy stories is here. Dictators,totalitarians, communists and grifters Oh, I don't even know, it will be the one who probably has nothing to lose!
Source: Cointelegraph - 🏆 562. / 51 Read more »