{"id":466913,"date":"2022-06-24T02:16:01","date_gmt":"2022-06-23T23:16:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/chainalysis-tips-australia-will-crack-down-on-misleading-crypto-ads\/"},"modified":"2022-06-24T02:16:01","modified_gmt":"2022-06-23T23:16:01","slug":"chainalysis-tips-australia-will-crack-down-on-misleading-crypto-ads","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/chainalysis-tips-australia-will-crack-down-on-misleading-crypto-ads\/","title":{"rendered":"# Chainalysis tips Australia will crack down on misleading crypto ads"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a25836d4308f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a25836d4308f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/chainalysis-tips-australia-will-crack-down-on-misleading-crypto-ads\/#%E2%80%9D_Chainalysis_tips_Australia_will_crack_down_on_misleading_crypto_ads_%E2%80%9C\" >&#8221; Chainalysis tips Australia will crack down on misleading crypto ads &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/chainalysis-tips-australia-will-crack-down-on-misleading-crypto-ads\/#First_Australian_conference\" >First Australian conference<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Chainalysis_tips_Australia_will_crack_down_on_misleading_crypto_ads_%E2%80%9C\"><\/span>&#8221; Chainalysis tips Australia will crack down on misleading crypto ads &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvNzdjMzAxYjUtZjQ3ZC00YTAzLWI3MTItZjk5OGQ4YWFiNTYzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Chainalysis\u2019 head of international policy Caroline Malcolm expects Australia\u2019s new rules governing crypto advertising, promotion and consumer safeguards to follow a similar path to the United Kingdom when they come into place within the next year.\u00a0<\/p>\n<blockquote><p>\u201cI think we&#8217;re more likely to see something along the lines of the UK model which is really focusing on a crackdown on misleading advertising or advertising which doesn&#8217;t present the risks alongside the opportunities.\u201d<\/p><\/blockquote>\n<p>During the Chainalysis Links event in Sydney on June 21, Malcolm told Cointelegraph that this meant treating crypto products and services in a similar way to financial products and services when it comes to advertising and promotion. <\/p>\n<p>In March, U.K.&#8217;s Advertising Standards Authority (ASA) released new guidance requiring advertisers to clearly state the level of risk associated with investing in cryptocurrencies. Malcolm noted that Singapore took a different <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach by effectively banning all public marketing of crypto to retail customers. <\/p>\n<p>\u201cIt&#8217;s not about banning advertising or banning the sale of particular assets to particular parts of the community, but really about making sure that there&#8217;s no misleading advertising, that there are disclosures about what you&#8217;re actually buying when you&#8217;re getting into the sector,\u201d she said.<\/p>\n<p>Malcolm said that in addition to rules on advertising, there will also be a number of consumer protection measures put in place, such as a requirement for crypto exchanges to verify that their customers understand the risks of investing as part of their onboarding process. <\/p>\n<blockquote><p>\u201cWhen you&#8217;re onboarding to some sort of crypto exchange or platform, you need to answer a few questions about [&#8230;] the level of risk in this space or the nature of specific risks.\u201d<\/p><\/blockquote>\n<p>\u201cIt&#8217;s more this idea that there&#8217;s some sort of barrier to entry that you can&#8217;t just sort of jump on and start trading.\u201d<\/p>\n<h3><span class=\"ez-toc-section\" id=\"First_Australian_conference\"><\/span>First Australian conference<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Chainalysis Links event on Tuesday marked the first in-person conference for the blockchain data platform in Australia. Approximately 100 participants were in attendance coming from both the crypto and traditional commercial and government sectors. <\/p>\n<p>Australia\u2019s parliament has been sending strong signals about the need to regulate the digital asset market.<\/p>\n<p>In October 2021, the Senate Committee for Australia as a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">Technology<\/a> and Financial Centre released its much-awaited recommendations looking at how it could regulate cryptocurrency and digital assets.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Binance Australia CEO: Regulations will establish higher standards in crypto<\/em><\/strong><\/p>\n<p>In March, the conversation was further advanced with a consultation paper on \u201cCrypto asset secondary service providers: Licensing and custody requirements\u201d which sought feedback on minimum standards of conduct by crypto-asset service providers and safeguards for consumers.<\/p>\n<p>Malcolm says she expects any changes to Australia\u2019s advertising, promotion and consumer safeguarding laws to come into place within the next 6-12 months but said this would also be dependent on how much priority crypto regulation is to the recently elected Labor government, which came into power in May. <\/p>\n<blockquote><p>\u201cWe&#8217;re three weeks into post-election. So we haven&#8217;t heard any <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> yet. But I would certainly expect to hear something before the end of the year in terms of where they see the timeline for this [&#8230;] piece of legislation.<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/chainalysis-tips-australia-will-crack-down-on-misleading-crypto-ads\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Chainalysis tips Australia will crack down on misleading crypto ads &#8220; Chainalysis\u2019 head of international policy Caroline Malcolm expects Australia\u2019s new rules governing crypto advertising, promotion and consumer safeguards to follow a similar path to the United Kingdom when they come into place within the next year.\u00a0 \u201cI think we&#8217;re more likely to see&#8230;<\/p>\n","protected":false},"author":1,"featured_media":466914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvNzdjMzAxYjUtZjQ3ZC00YTAzLWI3MTItZjk5OGQ4YWFiNTYzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[83536,74863,74860,20358,55229,70934],"class_list":["post-466913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-advertisement","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-australia","tag-law","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/466913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=466913"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/466913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/466914"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=466913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=466913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=466913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}