NFT News by Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage The United Kingdom is set to consider an amendment to the Financial Services and Markets Bill. This amendment will extend the powers of the law so that it also focuses on regulating financial promotion alongside other activities related to crypto products. UK financial services bill targets crypto regulations The amendment of this bill was written by Andrew Griffith, a Member of Parliament and Financial Secretary to the Treasury. The bill comprises 335 pages, and it was introduced in July. The bill will have its second reading in the House of Commons on September 7. An explanatory statement from the company has also added that the bill will focus on providing regulatory clarity on the matter. The statement adds that the bill will, Clarify that the powers relating to financial promotion and regulated activities can be relied on to regulate cryptoassets and activities relating to cryptoassets. Crypto r...

Google, the web search and software monolith, has announced that it will require authorization from government entities to lend advertising services to financial companies in Spain. This measure, which was also implemented in the U.K. back in 2021, is expected to be extended to more countries in coming months. Google to Require Government Authorization of Advertisers Google, the software and web search giant, will start taking measures to curb possible financial fraud using the advertisement platform of the company in Spain. Google announced it will start requiring customers that want to advertise financial products to have government authorization issued by the Spanish securities regulator (CMNV) or the Bank of Spain, the country’s central bank. At the same time, Google will also require these companies to complete its advertising verification program, which is slated to start this month. The application of the other new measures is expected to start in J...