Practices and Industries
Policing Cryptocurrency Ads: 4 Things You Should Know
, a shareholder in Stradling’s Corporate and Securities practice group and member of the firm's Mergers & Acquisitions and Emerging Growth practice groups, was quoted in an article published in
, “Policing Cryptocurrency Ads: 4 Things You Should Know.” According to a report from CipherTrace, a security firm, losses from cryptocurrency thefts, scams and frauds are rapidly increasing. The growing consumer interest in cryptocurrency has attracted a fair amount of fraud, driving regulators and tech platforms to start cracking down on deceptive advertising and other shady practices in the industry. "That's really a win for the regulators because ultimately, if you can't get your fraudulent message out there, the damage is very limited," said Singh. With these platforms known to be among the major channels used to advertise, regulators can’t stay on top of it all according to Singh. “ [The regulators] are going to be later to the game. They may not know until it’s been out on these channels,” he stated. “If the channels are filtering - the best they can – the fraudulent messages, I think that’s the most effective way to protect the public.” Read the full article here.
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