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Policy

UK Financial Watchdog Issued 450 Alerts on Illegal Crypto Promotions in Last Three Months of 2023

The Financial Conduct Authority said firms approving ads need to take their regulatory obligations seriously.

(FCA)

Policy

UK Regulator Warns Crypto Firms of 'Hard to Read' Risk Warnings

The Financial Conduct Authority has blocked Binance's chosen ad approver and added 221 firms to its warnings list since a new crypto marketing regime took effect on Oct. 8.

FCA building with logo (FCA)

Finance

Binance's U.K. Partner Can't Approve Crypto Ads, Regulator Says

The Financial Conduct Authority may have derailed Binance's plans to comply with the new crypto marketing regime by imposing restrictions on the firm's recently enlisted local partner.

UK United Kingdom British England Flag (Unsplash)

Policy

UK Regulator Saw 'Poor' Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules

With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told.

Photo of people entering the FCA building

Web3

Is It 2022 Again? Comedian Adam DeVine Appears in Strange Ad for Crypto Exchange Bitget

The “Workaholics” co-creator and star is the face of Bitget’s new #SetForChange campaign, which released a new “Crypto & Beach Houses” video to kick off the partnership.

Screenshot from "Crypto & Beach Houses" video (Bitget/Youtube)

Policy

UK FCA Proposes Ban on Crypto Incentives in Tough New Marketing Rules

The Financial Conduct Authority said it will treat crypto like a high risk investment, and will consult on new guidance for its rules on promotions.

FCA building with logo (FCA)

Policy

Registered UK Crypto Firms Can Approve Their Own Ads, Lawmakers Decide

The law on promotions is set to come into effect around four months from now if there are no objections, the finance ministry has said.

UK Parliament Building and Big Ben, London (Ugur Akdemir/Unsplash)

Policy

French Lawmakers Agree to Effectively Ban Crypto Influencer Promotions

Social-media stars couldn't tout unlicensed crypto products under a plan voted on by the National Assembly’s Economics Committee.

A bill to prevent social-media influencers from promoting cryptocurrencies is in the works in France's National Assembly. (Antoine Gyori/AGP/Corbis via Getty Images)

Policy

UK Crypto Industry Celebrates Government’s Planned Exemptions for Crypto Ad Approvals

But the country’s financial watchdog says it will “take a consistent approach to that taken for other high-risk investments,” when the time comes to set up enforcement rules.

(Yoshiyoshi Hirokawa/Getty Images)

Videos

White House Calls on Congress to ‘Step up’ Regulation Efforts; Argo Blockchain Faces Suit Over US Share Sale

Four senior U.S. officials in the White House published a statement on Friday urging Congress to “step up its efforts” with respect to regulating the cryptocurrency market. Plus, crypto miner Argo Blockchain facing a class-action lawsuit over alleged misleading statements made during the initial public offering (IPO) of its American depositary shares (ADS) in 2021.

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