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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The UK government has proposed banning unsolicited cold calls for all consumer financial products and services, including cryptocurrencies. HM Treasury released a consultation document this week. The ban aims to protect consumers from investment fraud, which
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As the United Kingdom prepares for a ban on finance-related cold calls, His Majesty’s Treasury has issued a consultation paper, and it is calling for evidence to gauge the full impact on businesses and the costs associated with introducing and implementing the ban.On May 3, the U.K. government announced an
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"Crypto remains high-risk and the new rules are aligned with the existing rules for promoting other high-risk investments. We’ve conducted extensive consumer research, behavior testing and considered responses to both our discussion and consultation paper on the matter," an FCA spokesperson said in an email to CryptoX. "These rules are
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Binance continues to experience an increase in regulatory heat as the Federal Government of Nigeria is being urged by the Association of Bureau De Change Operators of Nigeria (ABCON) to prohibit the activities of Binance within the nation.ABCON is a self-regulatory body and an umbrella for all the central bank-licensed
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied US congressman Warren Davidson has voiced his concerns on central bank digital currencies (CBDCs), claiming they should be banned and criminalized. In a tweet on July 23, the congressman described the Federal Reserve’s efforts as “building the
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United States Republican Representative Warren Davidson has spoken out against Central Bank Digital Currencies (CBDCs), urging Congress to ban them and criminalize its development.In a July 23 Twitter post, Congressman Davidson accused the Federal Reserve of “building the financial equivalent of the Death Star," stating that CBDCs corrupts money into
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kuwait has prohibited all crypto activities and use cases in the country, including payments, mining, and investment. The Central Markets Authority (CMA), Kuwait’s financial regulator, released a circular on July 19. The regulator stated that cryptocurrency was
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DeSantis in March signed a bill as Florida’s governor to prohibit the use of CBDC’s within his state. Original Source
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United States presidential candidate Ron DeSantis once again criticized central bank digital currencies (CBDCs), arguing against the possibility of a digital dollar in the country. Speaking at the Family Leadership Summit on July 14, DeSantis promised to ban CBDCs in the U.S. if he is elected president. "If I am the
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"The introduction of a practice similar to the procedure for exchanging foreign currencies will make it impossible to withdraw money obtained through criminal means. In such conditions, it will simply be unprofitable for IT fraudsters to operate in Belarus," the statement read. Source
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