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CATEGORY: consumer protection


Jun 22, 2024 02:15

Hong Kong Monetary Authority Updates Telemarketing Code to Limit Calls


The Hong Kong Monetary Authority has introduced a revised Code of Practice for telemarketing to enhance consumer protection and limit call frequency. (Read More)

Nonprofit criticizes Tether in multimillion-dollar ad campaign

Author: Cointelegraph by Derek Andersen
United States
Jun 21, 2024 12:00

Nonprofit criticizes Tether in multimillion-dollar ad campaign

Consumers Protection will bring negative aspects of Tether to consumer attention with billboards and TV ads.

EU watchdog urges banks to prioritize clients in AI usage

Author: Cointelegraph by Savannah Fortis
United States
Jun 01, 2024 12:00

EU watchdog urges banks to prioritize clients in AI usage

The EU's top financial regulator, ESMA, mandates that banks and investment firms ensure AI tools prioritize client interests, reinforcing accountability under MiFID.

Jun 29, 2023 05:50

Italy’s central bank calls for framework to prevent stablecoin runs

Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins. The central bank’s recently released Markets, Infrastructures and Payment Systems report for June 2023 has called on regulators to apply the same financial conduct standards to stablecoin issuers [...]

The post Italy’s central bank calls for framework to prevent stablecoin runs appeared first on Crypto Breaking News.

Namibia signs crypto exchange regulation bill into law

Author: Cointelegraph By Brayden Lindrea
United States
Jul 26, 2023 08:20

Namibia signs crypto exchange regulation bill into law

The law will officially enter into force at a date determined by Namibia’s Ministry of Finance.

Mar 05, 2023 06:55

Ripple CEO Warns SEC's "Enforcement" Approach May Hurt US Crypto Industry


Ripple CEO, Brad Garlinghouse, has suggested that the US Securities and Exchange Commission's (SEC) approach to regulation is putting the US at risk of missing out on being an attractive hub for the next evolution of blockchain and crypto innovation. Garlinghouse noted that the SEC's case against Ripple is the SEC simply playing "offense" and "attacking" the industry as a whole. He added that the crypto industry has "already started moving outside" of the US given its crypto regulation process is "behind" other countries such as Australia, UK, Japan, Singapore, and Switzerland. (Read More)

'Unworkable' bill to ban blockchain immutability is introduced in Illinois

Author: Cointelegraph By Brayden Lindrea
United States
Feb 20, 2023 08:20

'Unworkable' bill to ban blockchain immutability is introduced in Illinois

Florida-based lawyer Drew Hinkes described the bill as “the most unworkable state law” related to blockchain and cryptocurrency that he has ever seen.

Australia bolsters crypto watchdogs in ‘multi-stage’ plan to fight scams

Author: Cointelegraph By Brayden Lindrea
United States
Feb 03, 2023 08:20

Australia bolsters crypto watchdogs in ‘multi-stage’ plan to fight scams

The new measures from the Australian government come as cryptocurrency scams skyrocketed 162% to $221 million in 2022.

US senators commit to advancing crypto bill despite FTX collapse

Author: Cointelegraph By Brayden Lindrea
United States
Nov 11, 2022 08:20

US senators commit to advancing crypto bill despite FTX collapse

The two U.S. Senators said the downfall of FTX clearly exemplified “the need for greater federal oversight of the digital asset industry.”

DeFi Pioneer Echoes SBF in Call for Tighter Crypto Regulations

Author: Cointelegraph By Brian Quarmby
United States
Oct 27, 2022 08:20

DeFi Pioneer Echoes SBF in Call for Tighter Crypto Regulations

The Yearn Finance founder suggested that several cracks have shown in the crypto sector this year, and that regulation is needed to “reign in irresponsible actors.”

Mar 19, 2022 07:15

Meta accused of propagating ‘deceptive’ crypto ads

Meta Platforms, Inc, which was formerly Facebook is in troubled waters after Australia’s consumer protection commission declared that it had initiated criminal proceedings against the tech firm for “false, misleading or deceptive conduct” in violation of consumer or securities laws. The Australian watchdog accused Meta of failing to do enough to prevent scam advertisements for […]

CFPB leaves crypto wallets out of Larger Participants rule

Author: Cointelegraph by Vince Quill
United States
Nov 22, 2024 12:01

CFPB leaves crypto wallets out of Larger Participants rule

The agency highlighted consumer and industry comments in a 259-page report detailing the final draft of the Larger Participants rule.

Apr 07, 2023 05:50

Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities

Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen on fostering innovation but without comprising the security of users’ funds. Binance Asked to Provide More Information The collapse of the crypto exchange [...]

The post Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities appeared first on Crypto Breaking News.

Jul 06, 2023 01:20

Report: South Africa Regulator Says Unlicensed Crypto Exchanges in 2024 May Be Closed Down

According to the regulator of the South African financial services industry, cryptocurrency exchanges based in the country must secure operating licenses before the year ends. Crypto exchanges that fail to abide by the requirement will either be fined or closed down, Unathi Kamlana, the Financial Sector Conduct Authority commissioner, said. The Importance of Regulation The

The post Report: South Africa Regulator Says Unlicensed Crypto Exchanges in 2024 May Be Closed Down appeared first on BTC Ethereum Crypto Currency Blog.

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