CoinJar partners with EML to launch a MasterCard crypto debit card for UK Users
The CoinJar Cryptocurrency debit card supports all cryptocurrencies listed on the CoinJar platform. Users in the United Kingdom can now make purchases directly from the card as it converts crypto to fiat. Customers in the United Kingdom can now use the GBP-native, cryptocurrency-to-fiat MasterCard debit card powered by CoinJar and EML payments to make purchases […]
HMRC UK seizes 3 NFTs linked to a tax evasion fraud case
HM Revenue and Customs (HMRC), the UK’s main tax body, has confiscated three nonfungible tokens (NFTs) linked to a possible tax evasion scheme. The accused used fake identities and created 250 fake ‘shell’ companies to carry out the crime. The tax watchdog claimed to be the first law enforcement organization in the United Kingdom to seize […]
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 […]
Arsenal football club sanctioned by UK’s advertising watchdog for deceptive crypto adverts
UK’s advertising watchdog Advertising Standards Authority (ASA), recently ruled against two crypto advertisements of Arsenal’s fan tokens ($AFC). Arsenal has infringed the UK’s advertising code, according to the ASA, after a review of $AFC’s adverts from August. According to the ASA, the fan token commercials “trivialized investment in cryptoassets” and were “misleading” because they failed […]
The Advertising Standards Authority of UK bans seven crypto Ads
Adverts belonging to some companies including Papa John’s Pizza, Coinbase, Kraken, eToro, Luno, Coinburp, and Exmo were those affected by the ban. The ads are “misleading” and “irresponsibly taking advantage of customers ‘ inexperience and failing to show the risk of the investment,” according to the UK advertising watchdog. In addition to offering each corporation […]