Tags : misleading

Market

CFTC Fines Tether and Bitfinex $42.5M for ‘Untrue or Misleading’

The Commodity Futures Trading Commission said Friday it had issued an order “simultaneously filing and settling charges against Tether,” the issuer of the crypto industry’s largest stablecoin. Oct 15, 2021 at 3:11 p.m. UTC Updated Oct 15, 2021 at 3:14 p.m. UTC Acting CFTC Chair Rostin Behnam (L), Federal Reserve Chair Jerome Powell and Federal […]Read More

Regulation

UK mainstream media guilty of misleading on Binance “crypto ban”

The U.K crypto community is left confused after the country’s financial watchdog, the Financial Conduct Authority (FCA), published a report titled “Consumer warning on Binance Markets Limited and the Binance Group” over the weekend. This report reiterated comments made in an October 2020 press release banning the sale of crypto-derivatives to retail investors. However, the […]Read More

Regulation

The ‘China crypto FUD’ is back again, but it’s misleading

Three industry bodies under the Central bank of China released a document today calling for a ban on financial institutions and online payments channels providing any services involving cryptocurrency, including but not limited to registration, trading, clearing, and settlement.  Additionally, the institutions would not be allowed to offer to save, trust or pledging services, nor […]Read More

Regulation

The U.K. advertising watchdog bans “misleading” Bitcoin advert

The U.K.’s advertising watchdog has banned a newspaper advert on the grounds that it irresponsibly promoted Bitcoin. A member of the public complained that the advert was misleading and socially irresponsible. Following an investigation, the complainant’s objections were upheld by The Advertising Standards Authority (ASA). “The complainant, who believed the ad targeted retirees, challenged whether […]Read More