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The Central Bank of Ireland issued a warning to consumers about the risks around crypto investments in addition to “misleading” advertisements, including those pushed by influencers on social media.In a Tuesday notice, Ireland’s central bank said the warning was part of a campaign organized by the European Supervisory Authorities, made
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The FCA is looking to build a crypto team that can manage and regulate the industry. Original Source
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HMRC, on the other hand, assumes these same people are sophisticated investors capable of accurately keeping records of every single taxable event across a myriad of offshore exchanges, decentralized automated market makers, and lending and staking protocols. Source
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“We appreciate the collaborative dialogue and engagement from the ASA regarding advertising in the U.K. in this relatively new industry, and remain committed to working with them and regulators around the world to ensure all of our activities are compliant with the most recent regulatory guidelines,” a Crypto.com spokesperson told
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On Wednesday, Nikhil Rathi, CEO of the United Kingdom's Financial Conduct Authority, or FCA, issued the following statement to the Treasury Committee when asked about the risks of the much-unregulated cryptocurrency sector in the country:When we talk about the compensation scheme, we have to draw some pretty clear lines. I
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The UK’s Information Commissioner’s Office (ICO) and the Office of the Australian Information Commissioner (OAIC) opened a joint investigation into the personal
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The United Kingdom’s tax collection agency is preparing to send out letters to crypto investors encouraging them to double-check that they’ve paid the correct amount of taxes on their cryptocurrency investments, according to a report from the Financial Times. Original Source
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Former Chancellor of the Exchequer in the United Kingdom, Lord Philip Hammond, has joined cryptocurrency custodial group Copper as a senior advisor with the ambition of “promoting the UK as a global leader in digital asset technology.”The London start-up firm, which provides custodial and infrastructure services in the digital asset
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Trustology created a “DeFi Firewall” approach, by which a set of rules in a smart contract can block certain transactions and allow others; swaps on Uniswap might be allowed, while more exotic and less battle-tested platforms would be ruled out. Trustology is adding more features for 2022, such as a
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