The United Kingdom (UK) government has proposed that cryptocurrency promotions, including announcements, be the responsibility of the country’s financial regulator, the Financial Conduct Authority (FCA). The Treasury published a document titled “Cryptoasset promotions”. In this sense, you can see how cryptocurrencies fight against regulations in different parts of the world.
UK could regulate Bitcoin and cryptocurrency ads
The UK Treasury has released a document proposing that the Financial Conduct Authority (FCA) regulate cryptocurrency announcements.
Consider including “certain types of cryptocurrencies within the scope of financial promotion regulation.” The proposal is classified in consumer protection, market integrity and financial crimes.
They want to regulate the ads to avoid misleading and inappropriate promotions. Regulated companies must also go through the FCA for promotions.
Facebook, Google and Twitter sued for censoring crypto
Increasingly, cryptocurrencies fight regulations. Therefore, JPB Liberty is organizing a Class Action against Facebook, Google and Twitter. For its continued ban on Crypto-related advertising.
This ban was an antitrust violation that violated Australia’s competition and consumer protection law. It caused billions of dollars in damage.
Companies doing business in Australia and engaging in antitrust violations can be sued for damages worldwide in Australian courts.
JPB Liberty is a law firm that seeks to preserve liberty and freedom in the online world. They consider decentralized apps and projects and cryptocurrencies to represent the future of online freedom, privacy, and democracy.
United States Army wants to track cryptocurrency transactions
The Department of the Army, the federal agency that is part of the Department of Defense and oversees the United States Army, is searching for a tool that runs in the cloud and can help the Army’s Criminal Investigation Division Command to track cryptocurrencies and analyze transaction sources.
The agency wants an existing, cloud-based tool for Bitcoin and other cryptocurrencies. The IRS, DEA, and Secret Service have made similar moves lately.
According to the description, the organism seeks: “Potential contractors capable of providing a license to a user of a web-based cloud application capable of helping law enforcement agencies identify and arrest agents who are using cryptocurrencies for illegal activities such as fraud, extortion and money laundering ”.
In a few lines …
- There are 7.1 million Americans who have already made the leap to buy Bitcoin or dive into our industry. They have a retirement account, but they don’t have Bitcoin in that account, Radloff told Morgan Creek Digital. Founder Anthony Pompliano in an interview on July 18.
- Financial commentator Peter Schiff said that Bitcoin (BTC) holders are not actually looking at the asset as a store of wealth, one of the most commonly touted use cases surrounding the coin.
- Wirecard COO Jan Marsalek reportedly used Bitcoin (BTC) to move funds from Dubai to Russia. The Russian media outlet Kommersant reported that Marsalek is hiding in Russia. With funds he was able to transfer there with the cryptocurrency.