The Argentine Senate The committee is currently looking into a draft bill to regulate the promotion of cryptocurrencies by individuals and companies. The This project, which is still under consideration would educate consumers about the dangers of investing with cryptocurrencies as well as protect them from doing so. Ponzi schemes.
Argentine Senate Examines Crypto Ad Regulation
More More countries are taking precautions to stop cryptocurrency scams being spread through advertising channels. ArgentinaOne of the Latam countries where cryptocurrency adoption has been growing, has begun to investigate establishing cryptocurrency-related advertising laws. The The promotion of discussion is done by Senator Eduardo Andrada These and other efforts would focus on educating potential crypto-users about the details of these assets.
In In the same manner, the potential project’s other objective would be to protect investors against falling for untrue and Ponzi-Based cryptographic schemes The The meeting was attended by Sebastián Negri And Martín Breinlinger, members of the Argentine National Securities Commission, presented several cryptocurrency schemes that were promoted publicized through different media.
One of the ideas presented proposed that any advertisIng related to cryptocurrencies should include slogans explaining the risks involved in such investments.
Divided opinions
Senators The views of other attendees were different. Negri Explained the potential benefits that approval of the law would bring to investors. He stated:
With The rise of Bitcoin From 10,000 to 69,000 Dollars, they promised people that they would repeat the success of the previous year for those who enrolled now. That False advertising Guaranteed These benefits are not guaranteed. That’s This is a fundamental rule, but it was true.
Furthermore, Negri Traditional financial institutions, such as banks, were not able to do so. Cryptocurrencies can however due to the low regulation in the ecosystem. However, Senator Angela Negri expressed her disapproval of the idea of regulating crypto advertising, stating that this could get the Senate embroiled with other crypto-related issues.
This project doesn’t appeal to me. I don’t like regulations. It To me, it seems like it is a first move towards a regulation.
Other This topic has already been covered by regulations in several countries. In January, Spain The company established its own rules for controlling cryptocurrency advertising, focusing on influencers first. SimilarlyIn the UK, it was announced in July It would increase its vigilance in the face of deceitful crypto campaigns.
What What do you think about the Argentine Senate’s A proposal to regulate cryptocurrency ads Tell Leave a comment in the section below.
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