CryptoWeekly’s Post

The UK’s crackdown on cryptocurrency ads fell short, allowing illegal promotions to continue Despite efforts by the UK’s Financial Conduct Authority (FCA) to regulate cryptocurrency advertising, nearly half of all identified illicit crypto ads remain online. This continuous difficulty demonstrates the complexities of enforcing compliance in the rapidly growing cryptocurrency market. Read for More:- https://lnkd.in/gBtZrTaN #Crypto #FCA #UK #cryptocurrency

UK Cracks Down on Illegal Crypto Ads: A Call for Industry-Wide Action The FCA's issuance of 450 warnings against illegal crypto ads in 2023 highlights the need for: Stronger Regulation: Continued vigilance from regulatory bodies to protect consumers from misleading marketing. Industry Accountability: Crypto platforms, projects, and influencers must promote ethical advertising practices. Collaborative Action: Regulators and industry stakeholders working together to combat scams and foster responsible marketing. This is a shared responsibility to ensure a safe and trustworthy crypto investment environment. #Cryptocurrency #Regulation #Marketing #ConsumerProtection #Web3 #Web3TechLab https://lnkd.in/gckBgMCQ

We talk about the FCA's crypto rules, but do they actually apply to your business? We get a few messages about this, so wanted to set the record straight(er) in our latest article ⬇️ ⬇️ https://lnkd.in/eFuRGCEY #crypto #FCA #cryptocurrency

FCA Tightens the Screws on Unregistered Crypto Firms The UK’s Financial Conduct Authority (FCA) is cracking down on unregistered crypto firms, enforcing new promotional rules, and levying significant penalties to ensure market integrity and consumer p Author: Salar Khan https://lnkd.in/eapQG6M6 #Cryptocurrency #News #crypto #FCA #Regulation #TheUK #UnregisteredCryptoFirms

The US Department of Justice is currently investigating cryptocurrency betting platform Polymarket, raising significant questions about the intersection of technology, finance, and regulation. As the platform faces allegations of accepting bets from US users and potential market manipulation, the implications for the broader crypto and betting industries are profound. How will this affect the future of decentralized finance and online betting? Stay informed on this developing story and consider the broader impact on innovation and regulatory landscapes. #Polymarket #Cryptocurrency #DOJ #Regulation #DeFi #Betting #Finance #Compliance #Blockchain #SEC #FBI #TechnologyInnovation

𝐔𝐊 𝐒𝐞𝐭𝐬 𝐍𝐞𝐰 𝐏𝐫𝐞𝐜𝐞𝐝𝐞𝐧𝐭: 𝐋𝐞𝐠𝐚𝐥 𝐒𝐭𝐚𝐭𝐮𝐬 𝐨𝐟 𝐂𝐫𝐲𝐩𝐭𝐨𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐢𝐞𝐬 𝐚𝐧𝐝 𝐍𝐅𝐓𝐬 𝐂𝐥𝐚𝐫𝐢𝐟𝐢𝐞𝐝 🚨 The British Parliament made a landmark move in the world of digital assets by passing the Property (Digital Assets etc.) Bill. This groundbreaking legislation clarifies the legal status of cryptocurrencies, NFTs, and other digital assets in the UK, signaling a significant shift in how these technologies are regulated. 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: o  The bill introduces a third category of property under English law—personal property—specifically for digital assets like cryptocurrencies and NFTs. This is in addition to existing categories of tangible property and debts. o  Cryptocurrency holders will now enjoy improved legal safeguards against fraud and disputes. The bill addresses risks associated with the gray area of digital assets, offering clearer avenues for legal recourse. o  The new framework will assist judges in handling complex cases involving digital assets, such as financial settlements, mergers, acquisitions, and divorces. o  Aimed at boosting investment in the digital technology sector, the bill is expected to strengthen the UK's position as a leader in blockchain-related legal services, contributing to its £34 billion legal services industry. 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬: o  This legislation provides a definitive legal status for digital assets, reducing uncertainty and protecting investors. It helps bridge the gap between technological advancements and existing legal frameworks. o  Enhanced protections will enable cryptocurrency holders to better defend their assets against fraud and scams, increasing confidence in digital investments. o  By attracting more investment and bolstering the UK's role in blockchain technology, the bill supports economic growth and maintains the UK’s competitive edge in global financial markets. o  Clear legal recognition offers more security and recourse in cases of disputes or fraud, making digital assets a more stable investment. With this historic legislation, the UK sets a global example in integrating cutting-edge technology with robust legal frameworks. The future of cryptocurrencies and NFTs in the UK looks promising, as the country advances in both regulatory clarity and economic opportunity. #Cryptocurrency #NFTs #DigitalAssets #UKLaw #Blockchain #LegalInnovation #FinancialServices #TechRegulation https://lnkd.in/dDcu5UqS Disclaimer: The Content in this post is for informational purposes only derived from references and does not constitute any professional advice. We do not claim ownership of any data or Information referenced.

🚨 Breaking News in Crypto! 🚨 Legal battles are shaking up the crypto world! 🌐 ⚖️ A major Supreme Court decision is set to reshape the future of crypto in the US 🇺🇸🚀. The SEC's actions against Consensys and Binance are heating up 🔥📈. Stay tuned for all the latest updates! 📲💬 Learn more here: 👉 https://lnkd.in/gJa58NQ5 #CryptoNews #SupremeCourt #SEC #Blockchain #CryptoRegulation #CryptoFuture #Binance #Metamask #CryptoLaw #BreakingNews #CryptoCommunity #StayTuned #CryptoUpdate 🚀💼🔍

A new bill aims to clarify the status of digital assets as "property" under English law, which will be helpful for victims of cryptocurrency scams. This bill follows a consultation by the Law Commission in July 2023 and a draft bill released in July 2024. Its primary goal is to remove confusion about how digital assets are classified as personal property and the legal rights associated with them. Historically, personal property was divided into "things in possession," like physical items, and "things in action," such as legal claims. However, this classification doesn’t adequately address the realities of digital assets, which can hold significant financial value. By updating this legal framework, the bill will help people take legal steps to protect and recover their digital assets more effectively. #DigitalAssets #Crypto #FinTech