Express

The United Kingdom Cracks Down On Crypto Fraud Facilitated Through Scam Ads

Emily Mason

Summary: Two organizations in the United Kingdom launched a new system to to detect and remove scam ads related to crypto fraud, as reported by The Telegraph. The United Kingdom Advertising Standards Authority (ASA) and the Internet Advertising Office (IAB) are behind the overhaul in scam monitoring.  A likely catalyst for the new regulations is a report ...

Two organizations in the United Kingdom launched a new system to to detect and remove scam ads related to crypto fraud, as reported by The Telegraph.

The United Kingdom Advertising Standards Authority (ASA) and the Internet Advertising Office (IAB) are behind the overhaul in scam monitoring. 

A likely catalyst for the new regulations is a report from The Financial Conduct Authority — a UK watchdog — last year that claimed that $255 million was lost to crypto-related and other investment scams in 2018.

By Emily Mason

Last Update:

Tags: ,,
Link: The United Kingdom Cracks Down On Crypto Fraud Facilitated Through Scam Ads   [Copy]
Next:

Related Articles

  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 3 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 4 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 7 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 7 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 9 days ago

    • You need to login to comment.