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Thailand's market regulator (SEC) has announced new rules for advertisement of cryto and other VDAs amid similar efforts by India's ASCI
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Thailand's market regulator (SEC) has announced new rules for advertisement of cryto and other VDAs amid similar efforts by India's ASCI
India's self-regulatory body for advertisements found over 400 cryptocurrency ads non-compliant with its guidelines, specifically pointing at influencers
Spanning various ad formats, the minimum requirements laid down by ASCI was met with acceptance by crypto industry heads.
The government had taken issue with promises of wild profits made by crypto ads that will now have to carry disclaimers.
The social media giant has expanded the number of regulatory licenses it accepts from 3 to 27; read the full list.
The revised guidelines are expected to temper the tone of wild profits in commercials about cryptocurrencies.
Many major cryptocurrencies derive their value from their potential to be used for transactions on decentralized networks
Ads urging first-time investors to buy into an unregulated crypto market have propped up over the past few months.
