The words “currency,” “securities,” “custodian,” and “depositories” may not be used in advertisements of crypto products or services. cryptocurrency bitcoin $BTC
“We had several rounds of discussion with the government, finance sector regulators, and industry stakeholders before framing these guidelines.”The Advertising Standards Council of India published Wednesday “guidelines for advertising and promotion of virtual digital assets and services.”
Firstly, all crypto-related ads must carry the disclaimer that states: “Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.” The guidelines Noting that ads should not downplay the risks associated with the asset class, the advertising watchdog wrote: “VDA products may not be compared to any other asset class which is regulated.”
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