The ASA_UK has issued new guidance on firms advertising crypto services. Companies have until May 2 to comply with it after which they will be reported to TheFCA. By JamieCrawleyCD
"This is a ‘red alert’ priority issue for us and we’ve recently banned several crypto ads for misleading consumers and for being socially irresponsible," the ASA said.
The new guidance requires advertisers to clearly state that crypto is unregulated in the U.K. and that the"value of investments are variable and can go down." Additionally, ads must not"state or imply that investment decisions are trivial, simple, easy or suitable for anyone" or "imply a sense of urgency to buy or create a fear of missing out, or that investments are ‘low risk’."
Companies advertising crypto services have until May 2 to ensure their ads meet this guidance, after which non-compliant advertisers will be reported to the financial watchdog the Financial Conduct Authority .after it was granted additional powers by the government to regulate the industry. CoinDesk has contacted Coinbase, eToro, Luno and Crypto.com for comment on the new guidance, but had not received a response by press time. Luno, like CoinDesk, is owned by Digital Currency Group.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Credit companies may wave some bad credit marks on your report - KCBS Radio: On-Demand - Omny.fm
Weiterlesen »
Stratospheric sulfur after the Chicxulub impact may have extended climate change, contributing to mass extinctionWhile the popular Netflix movie 'Don't Look Up' has raised public consciousness to the potential catastrophic effects of asteroid impact to planet Earth, new research sheds light on how the Chicxulub impact 66 million years ago resulted in extinction of 75 percent of animals on Earth, including the dinosaurs.
Weiterlesen »
Would-be home buyers may be forced to rent the American dream, rather than buy itThe cost of rent is really through the roof. Residential rents across the country went up an average of 15% last year – nearly twice the overall inflation rate.
Weiterlesen »
'Reassuring' data suggests the J&J vaccine may still have a role to play against Covid-19The US public and even some health experts may have underestimated the Covid-19 vaccine made by Janssen, a division of Johnson & Johnson, new data shows
Weiterlesen »
Stock trading during 'March Madness' is not a slam dunk and the reason may surprise youOPINION: Stock trading during March Madness may not be a good idea. Researchers have found that during widely followed sporting events, enough investors act irrationally that the market’s performance is below average.
Weiterlesen »
Capturing water from the air may help S.F. drought woes - The San Francisco ExaminerA hotter and drier reality is forcing The City to rethink where to source its water supply.
Weiterlesen »