Fintech

Government looks to give watchdog oversight of crypto promotions

The move would place restrictions on how cryptocurrency investments are marketed to investors

After a sharp uptick in crypto investing by everyday investors, the government is looking to tighten the rules governing marketing by the sector.

The Treasury has kicked off a consultation about whether to make certain types of cryptocurrencies subject to financial promotions regulation. Such a step would restrict the way crypto businesses advertise to ordinary investors.

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