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Showing posts from February 24, 2022

India Unveils Guidelines for Crypto Advertising

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The Advertising Standards Council of India has released guidelines for the advertising and promotion of crypto assets and related services. “We had several rounds of discussion with the government, finance sector regulators, and industry stakeholders before framing these guidelines.” India’s Crypto Ad Guidelines Published The Advertising Standards Council of India (ASCI) published Wednesday “guidelines for advertising and promotion of virtual digital assets and services.” The guidelines are applicable to all advertisements related to virtual digital assets (VDA) which are “commonly referred to as crypto or NFT [non-fungible token] products,” ASCI explained. ASCI Chairman Subhash Kamath described: We had several rounds of discussion with the government, finance sector regulators, and industry stakeholders before framing these guidelines. Firstly, all crypto-related ads must carry the disclaimer that states: “Crypto products and NFTs are unregulated and can be highly risky. Ther

US Secret Service Launches Crypto Awareness Hub to Educate the Public on Digital Asset Security

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The U.S. Secret Service has launched a cryptocurrency awareness hub. The new platform “will feature the latest in the agency’s work combating illicit use of digital assets as well as provide public awareness information on digital asset security and how to ensure it remains secure.” Secret Service’s Crypto Awareness Hub The U.S. Secret Service announced last week that it “has launched a cryptocurrency public awareness hub.” Established in 1865 as a bureau in the Treasury Department to suppress widespread counterfeiting, the Secret Service is now under the Department of Homeland Security. Its website states: “We have an integrated mission of protection and financial investigations to ensure the safety and security of our protectees, key locations, and events of national significance.” The announcement details: The new website will feature the latest in the agency’s work combating illicit use of digital assets as well as provide public awareness information on digital asset securi