Crypto Scammers Exploit Richard Branson’s Name

Crypto scammers using Richard Branson’s name to trap naive crypto investors. Virgin Galactic Holdings accepts bitcoin as a payment method.

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Matt Damon’s Crypto Ad Is In Troubled Waters

Crypto detractors amidst the market crash have now focused their attention on Hollywood actor Matt Damon for his memorable TV ad where he was seen encouraging people to invest in digital currency. In the 60-second clip, Damon hailed people’s investment in cryptocurrency as the next great human endeavor and compared it to the historic Wright […]

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Floki Inu resumes controversial ad blitz in London

The new campaign spanning buses and train stations across the city comes only a few weeks after regulators banned the previous ads from a marketing run Floki Inu conducted in 2021.

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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 […]

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Those 3 Crypto Exchanges are Placing ADS during the SUPER BOWL!

The post Those 3 Crypto Exchanges are Placing ADS during the SUPER BOWL! appeared first on CryptoTicker.

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Singapore prohibits crypto firms from advertising publicly

Authorities in Singapore have stepped up their regulatory oversight of the crypto industry, with new guidelines prohibiting crypto service providers from promoting their services and products to the public.

The post Singapore prohibits crypto firms from advertising publicly appeared first on CryptoSlate.

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Crypto Flipsider News – Facebook to Allow More Crypto Ads, Plan B Says Bitcoin Will Hit $100k, Terra Overtakes Shiba, BoA Says Metaverse Is Massive Opportunity, Katana Now Second-Largest DEX

Read Thursday's breaking news in the daily digest

Continue reading Crypto Flipsider News – Facebook to Allow More Crypto Ads, Plan B Says Bitcoin Will Hit $100k, Terra Overtakes Shiba, BoA Says Metaverse Is Massive Opportunity, Katana Now Second-Largest DEX at DailyCoin.com.

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Facebook Reverses Crypto Ad Ban

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Floki Inu Adverts Takes Over London's Transport System

Floki Inu's posters can now be found in buses, trains, and underground subway systems in London with crested messages reading, “Missed Doge? Get Floki.” (Read More)

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After Being Banned Since 2018, Google Allows Crypto Companies To Advertise Again...

After a wave of scams and poorly executed ICO's used Google ads to draw investors in during the crypto craze of 2017, Google faced criticism from users who lost money after investing in ICOs they found via these ads.

Instead of taking the liability of evaluating each project for approval or disapproval, Google decided to simply ban all crypto related advertising.

But in an update made yesterday to Google's financial services policies - the advertising of products and services related to bitcoin and other cryptocurrencies is allowed, as long as certain requirements are met.

According to Google's support page on the topic, advertisers who offer exchange services or cryptocurrency wallets in the United States, can now be promoted on the platform.

But Crypto Advertisers Will Be Required To Take Some Additional Steps...

Applicants must be duly registered with the Financial Crimes Control Office (FinCEN) as a regulated financial services company, supported by a money transmitting State, or a bank authorized by the federal government or some state authority in the U.S.

This means only services that comply with FinCEN rules, and enforce KYC "know your customer" policies.

Only then can a company apply with Google, which can still choose to deny access.

It's safe to assume that ICO, IEOs, or any method of selling newly launching tokens will remain banned. 

Big Spending Is Expected...

Companies like Coinbase, Binance US, and FTX are currently battling for crypto traders in the US market.

These companies should easily meet Google's qualifications and are expected to use the platform as a tool in this heated competition. 

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Author: Fernando Perez
Latin America Newsdesk

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New UK crypto ad laws will go into effect in October

The United Kingdom’s Financial Conduct Authority (FCA) said the new financial promotions regime would apply to crypto assets starting October 8. In a July 4 letter, the financial regulator outlined several legal routes for firms to promote crypto assets to U.K. consumers. These legal routes include communication by an authorized person, communication by an unauthorized […]

The post New UK crypto ad laws will go into effect in October appeared first on CryptoSlate.

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