Hong Kong Regulators Clamp Down on Investing in Spot Crypto ETFs
The new Hong Kong laws protect investors by limiting the selling of spot ETF products to professional investors. Hong Kong’s financial regulators have issued new guidelines for intermediaries who want to sell clients virtual asset-linked products like exchange-traded funds (ETFs). The new rules target products such as spot ETFs , which track the current price of […]
Russian tech and political execs slam crypto ban proposal
Several Russian CEOs have voiced dissatisfaction with the country’s recent decision to prohibit crypto-related transactions and mining. Russia seemly isn’t pleased with the ban Telegram’s CEO and co-founder Pavel Durov, as well as Russian opposition leader Alexei Navalny’s right-hand Leonid Volkov, both went to Telegram to oppose the central bank’s plan, which calls for a […]
UK to put strict restrictions on deceptive crypto ads
The UK Treasury’s move to regulate crypto advertising as other financial goods aims to reduce the danger of investors being duped or misled. UK’s crackdown on misleading crypto adverts The UK Treasury stated on Tuesday that it intends to regulate cryptocurrency commercials in the same way that it regulates other financial products, ensuring that ads […]
The Spanish financial regulator has established new rules for advertising crypto-asset
The Spanish financial regulator, the Comisión Nacional del Mercado de Valores (CNMV), has established new rules and regulations regarding crypto-adverts, the law will take effect from February 2022. Crypto advertisements must be “clear, balanced, and fair,” according to the new circular, which will take effect on February 17, 2022, while also providing relevant information on […]
India confiscates assets in a $162M Morris coin crypto investment scheme
The Indian Enforcement Directorate confiscated assets worth $5 million in relation with a $162 million cryptocurrency fraud employing Morris coin. In connection with a cryptocurrency fraud, India’s Enforcement Directorate (ED), a specialized financial investigative agency under the Department of Revenue, Ministry of Finance, has confiscated assets worth 36.72 crore rupees ($5 million). Authorities in India […]