The emergence of cryptocurrency has presented both opportunities and challenges for regulatory bodies around the world. In the United Kingdom, the Financial Conduct Authority (FCA) is facing significant hurdles as it attempts to navigate the murky waters of crypto advertising. A recent report by the Financial Times has highlighted that between October 2023 and October
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In a decisive step towards enhancing investor safety, the Nigerian Securities and Exchange Commission (SEC) has instituted a series of stringent guidelines aimed at regulating the endorsement of cryptocurrency products and services by social media influencers. Recognizing the pervasive influence that online personalities wield over public perception and investment decisions, these new regulations seek to
In a groundbreaking shift for the cryptocurrency landscape, Hong Kong is formalizing its regulatory approach to stablecoins. Published on December 6, this bill lays the groundwork for a structured framework that focuses on the responsibilities of issuers and marketers within this important sector of the financial market. With stablecoins gaining traction as essential instruments for
In a decisive move aimed at enhancing the protection of investors in the burgeoning cryptocurrency market, Dubai’s Virtual Assets Regulatory Authority (VARA) has implemented updated marketing guidelines. Effective from October 1, these regulations are designed to promote transparency and minimize the risks associated with investing in virtual assets. As the popularity of digital currencies continues
The Russian State Duma recently approved a bill that legalizes Bitcoin mining and allows the use of cryptocurrency for international trade. The passing of this bill marks a significant shift in Russia’s approach to digital assets and currencies, aiming to enhance trade relations and challenge global regulatory norms. The new legislation establishes a regulatory framework
CTO and chairman Elon Musk recently made headlines by accusing the European Commission (EC) of offering an “illegal secret deal” to social media platform X. Musk claimed that this deal involved the censorship of speech in exchange for avoiding fines in the EU. These allegations were made in response to the EC publishing preliminary findings
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