FTC is probing digital asset firms over misleading ads: report
FTC revealed to Bloomberg it’s going after several companies over their ads, but withheld their names, months after Kim Kardashian settled with SEC for $1.3 million.
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FTC: Digital asset scammers have made off with $1 billion since 2021
Scammers have defrauded over 46,000 people, with the median amount lost being $2,600, as bogus investment scams accounted for over half the losses, according to the U.S. Federal Trade Commission.
US regulators team up with UK FCA for global fintech sandbox
The regulators joined the initiative in a bid to provide better regulatory clarity and identify the opportunities and challenges facing the market.