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Thursday, April 18, 2024

Crypto ad ban shakes up operators

Crypto ad ban shakes up operators

Digital exchanges want more clarity

A sign promotes a cryptocurrency exchange at Victory Monument yesterday, following the SEC’s proposal to ban cryptocurrency advertisements in public spaces. (Photo: Nutthawat Wicheanbut)

Digital exchange operators say they agree with some of the Securities and Exchange Commission’s (SEC) proposals to tighten regulations on cryptocurrency advertising, but will need further clarification as criteria for some issues are confusing.

The reaction followed the SEC’s announcement on Feb 14 that it was calling a public hearing to collect opinions on its proposals to ban public cryptocurrency advertising and improve all criteria related to such advertising. The hearing is set to end on March…

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