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Stock impact report

UK launches crackdown on ‘misleading' cryptocurrency ads [CNBC]

Papa John's International, Inc. (PZZA) 
Last papa john's international, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.papajohns.com
Company Research Source: CNBC
The government says it will introduce legislation to amend existing laws on financial advertising. Ads for crypto flooded London's underground rail network and buses last year amid rising interest in bitcoin and other digital currencies. LONDON — The U.K. government says it will bring cryptocurrency ads under tighter scrutiny and crack down on “misleading” claims that may cause investors to lose money. Finance Minister Rishi Sunak plans to bring the ads under the same rules for financial promotions, according to proposals announced Tuesday The government will introduce legislation to amend existing laws on financial advertising to include crypto. The regime requires firms to be authorized by regulators if they want to promote investment products. The Financial Conduct Authority, a U.K. watchdog tasked with regulating financial firms, will soon start consulting on their proposed financial promotions rules for cryptocurrencies, the government said “Cryptoassets can provide ex Show less Read more
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