Tags : watchdog

Regulation

UK watchdog shifts Bitcoin ads regulation to ‘red alert’ priority

Britain’s marketing regulator Advertising Standards Authority (ASA) has announced that it plans to increase its efforts in curbing irresponsible or misleading cryptocurrency ads, Financial Times reported today. “We see this as an absolutely crucial and priority area for us. Where we do find problems we will crack down hard and fast,” Miles Lockwood, director of […]Read More

Bitcoin

US crime watchdog FBI seizes $2.3 million worth of Bitcoin

The Department of Justice (DOJ) announced the recovery of ransom payments of 63.7 Bitcoin (BTC) valued approximately at $2.3 million, made by Colonial Pipeline to the group known as DarkSide. Seized funds represent the proceeds of a May 8 ransom payment to a digital extortion attacker group DarkSide, which hacked the company’s business IT networks […]Read More

Regulation

Korea’s financial watchdog orders employees to disclose crypto holdings

The chairman of South Korea’s Financial Services Commission (FSC), Eun Sung-soo, has ordered the regulator’s employees involved in digital assets-related policymaking to disclose their crypto holdings by May 7, local outlet The Korea Times reported today. With this move, the FSC reportedly aims to detect potential employee misconduct and investigate whether any of the public […]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