Asci Financial News

28.06 / 06:11

Dogecoin asci Bitcoin guidelines ad More than 400 ads on crypto violated guidelines: Ad council

advertisements violated advertising and promotion guidelines of virtual digital assets (VDAs), and guidelines for influencer advertising in the first five months of this year, the Advertising Standards Council of India (ASCI) has said. Of the 453 complaints that ASCI took up between January and May 2022, 419 required modifications, with most complaints against influencers. “Some influencers talk so confidently about crypto without fully understanding it. It does create an impression that it is safe, it's fine and a cool thing,” said Manisha Kapoor, chief executive of ASCI.

26.07 / 11:21

asci Abrdn Investment trusts Merger abrdn Smaller Companies Income trust to merge with Shires Income

Shires is also managed by abrdn, led by Iain Pyle and Charles Luke.

18.05 / 07:41

SEBI crypto ads asci Celebrity Industry divided over Sebi's proposal to ban celebrities in crypto ads

ASCI) in February earlier this year, market regulator Sebi has now proposed to bar celebrities and public figures from endorsing cryptos. According to multiple media reports, the capital markets regulator said public personalities could be held accountable if crypto ads are found to be violating regulations. However, the ASCI said it isn't discussing changing its guidelines on crypto advertisements, clearing the air on its position as an important stakeholder on a suggested ban on Indian celebrities endorsing crypto products.

17.05 / 11:27

cryptocurrency crypto ads asci SEBI proposes banning celebrity promotion of cryptos

The Securities & Exchange Board of India (SEBI) has recommended that no 'prominent public figures, including celebrities and sportsmen,' should endorse crypto products. The market regulator proposed that companies advertising cryptos and digital assets should also put up disclosures listing out possible law violations.

10.03 / 09:47

World Cup asci ad Ahead of new ad norms, will crypto players go all guns blazing this IPL season?

IPL) is around the corner and crypto industry players are likely to target potential investors. Market experts said that crypto platforms will go all guns blazing. However, the 15th edition of the cricket extravaganza will be the first major event after the announcement of the Advertising Standards Council of India (ASCI) new guidelines for the advertising of virtual digital assets (VDAs). Anupam Shukla, Partner, Pioneer Legal said that the announcement of taxation on crypto income left investors jittery and now platforms will aim to increase ad expenditure during the IPL and recreate the buzz over cryptos.

09.03 / 09:59

asci celebrities safe play Celebs to play safe as norms rolled out for crypto ads

Mumbai: Days after the Advertising Standards Council of India (ASCI) rolled out guidelines for the advertising of virtual digital assets, celebrities have started inserting indemnity clauses in their contracts with crypto exchanges. These celebrities have hired lawyers who are drawing out these indemnity contracts where any future liability or other penalty would be taken care of by the exchange. The indemnity clauses seek to insulate the celebrities from any future or even reputational risks, legal experts said.

23.02 / 15:35

NFTS crypto ads asci guidelines ASCI frames guidelines for advertising & promotion of crypto assets

ASCI) has issued a set of guidelines for the advertisement and promotion of virtual digital assets (VDAs). ASCI in its order observed that advertising for VDAs, commonly referred to as crypto or NFT products, has been very aggressive over the past few months and said that several advertisements have failed to disclose risk associated. «We have extensively consulted with different stakeholders including government and the virtual digital asset industry to frame guidelines for VDA advertising,» it said in a release on Wednesday.

23.02 / 14:53

cryptocurrency WazirX asci guidelines ASCI guidelines to aid investor education and transparency, says Crypto industry

The crypto industry has welcomed the new set of guidelines released by the Advertising Standards Council of India (ASCI) for advertising virtual digital assets on February 23. Late last year, the industry had faced flak from the government and was criticised for misleading advertisements across print medium, television and social networks.

02.12 / 11:33

cryptocurrency coinswitch kuber coindcx asci guidelines Centre ad ASCI in talks with Centre to refresh crypto ad guidelines

New Delhi: The Advertising Standards Council of India (ASCI) is in discussions with the government to refresh guidelines related to cryptocurrency advertising, to include adequate disclosure of risk, ensuring that consumers don’t mistake crypto products to be legal tender and are not misled by exaggerated claims or by unfair comparisons with regulated asset classes, ASCI general secretary Manisha Kapoor said.

Asci Financial News

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