Argentine Senate Decides Individuals and Organizations to Promote Crypto how to. The purpose of this project, still under discussion, is to educate consumers about the dangers of investing in cryptocurrencies and to protect them from investing in crypto Ponzi schemes.
Argentine Senate Enters Crypto Advertising Regulations
More and more countries are taking action to prevent crypto scams from spreading through advertising channels. Argentina is one of the Latin American countries with growing adoption of cryptocurrencies and has begun consideringestablishingcryptocurrency-related advertising laws. The debate, driven by Senator Eduardo Andrada and others, focuses on educating potential cryptocurrency users about the peculiarities of these assets.
Similarly, another objective of this potential project is to prevent investors from falling into a fake her Ponzi-based crypto scheme. The conference, attended by Sebastian Negri and Martín Breinlinger, members of the Argentine Securities Commission, presented several cryptocurrency schemes that were promoted and advertised through various media.
One of the ideas presented was that crypto-related publicity should include slogans describing the risks such investments pose.
Opinions divided
Senators and other aides held differing views on the proposed project. I explained the benefits it brings to investors. He said:
Bitcoin’s rise from his $10,000 to $69,000, what they’ve done is that the profitability generated in the previous year is It was to promise the people what would be repeated to those who entered now. It’s false advertising. We cannot promise a guaranteed profit. It’s a basic rule, but it was happening.
Negri further said that while traditional financial institutions such as banks have been unable to do so, cryptocurrencies are possible due to the low regulation of the domestic ecosystem. . However, Senator Angela Negri has expressed frustration with the idea of regulating crypto advertising, saying this could get the Senate involved in other crypto-related issues.
I don’t like this project. I hate regulation and don’t really know how to regulate the unregulated. I think it’s the first step towards regulation.
Other countries have already established regulations on this issue. In January, Spain established its own rules governing the promotion of cryptocurrencies, targeting influencers first. Similarly, the UK announced in July that it would step up its vigilance against misleading cryptocurrency campaigns.
Image Credits: Shutterstock, Pixabay, Wiki Commons
