UK to Tighten Crypto Ad Regulations to Improve Consumer Protection

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The 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

saying the company was encouraging people to buy bitcoin with credit cards.

“While most cryptoassets currently use distributed ledger technology , it might be that this changes as the technology and industry evolve," the consultation response said."Therefore, the government proposes to remove the reference to DLT from the definition of qualifying cryptoassets.”

 

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