UK advertising watchdog bans ‘socially irresponsible’ Coinfloor investment ad
The ASA flagged Coinfloor’s phrase “there is no point in keeping your money in the bank” as objectionable, despite a small-print disclaimer at the foot of the ad.
Latest regulation News
Crypto Regulation Masterclass: Risk-based approach to digital assets necessary for compliance officers
Compliance officers at financial institutions feel they still have a low understanding of digital assets, blockchain, and their surrounding legal issues.
Turkey tech chief no longer negative towards ‘risky’ digital currencies
Minister for Industry and Technology Mustafa Varank says he has warmed up to digital currencies, which he described as “effective for world trade.”
South Korea authorities to do more to tackle digital currency tax evasion
The National Tax Service has identified some 2,400 suspected tax evaders relying on digital currencies to hide their assets, thought to amount to over KRW36.6 billion.
Kentucky seeks to lure block reward miners with tax and energy incentives
The U.S. state will issue tax and energy incentives to the miners in a move they hope will create jobs and spur economic growth.
India to revive its proposal to ban Bitcoin, with fines for users: report
Once it is passed by parliament, the bill will give residents a six-month grace period to liquidate all their digital currencies.
Australia allocates $5.3M to blockchain pilots
The funds will go to two pilots looking into reducing the cost of regulatory compliance through blockchain integration.
Crypto Crime Cartel: Binance investigated by CFTC
Binance is the subject of an active investigation by the Commodity Futures Trading Commission for potentially offering digital asset derivative products to U.S. citizens in contravention of U.S. regulations.
Bakkt secures BitLicense in New York
The agency said the license would now enable Bakkt to support customers in New York in buying and selling digital currencies and other digital assets.
US Congress reintroduces bill excluding digital currencies from securities laws
The Token Taxonomy Act would also exempt swaps between digital currencies from taxation as well as change the tax structure for digital currencies in an individual retirement account.
South Korea digital currency exchanges to face penalties for anti-money laundering breaches
The Financial Services Commission has brought forward a new structure of penalties for exchanges that fail to properly implement anti-money laundering measures.
Internet and Mobile Association of India says regulate, don’t ban digital currency
The Internet and Mobile Association of India has issued a plea to government not to ban digital currencies, but to regulate instead, as a means to unlock the “considerable benefits” of the sector.