What's Hot

    Alternative Media Attacks Bitcoin: A Response To “Bitcoin Cannot Free Palestine”

    July 27, 2022

    Bullish Sentiment Spills Over To Institutional Investors As Ethereum Inflows Balloons

    July 27, 2022

    Wanchain AMA with Marketing Director Temujin Louie

    July 27, 2022
    Facebook Twitter Instagram
    • Altcoins
    • Bitcoin
    • Ethereum
    • Blockchain
    Facebook Twitter Instagram
    Guide to Crypto and Altcoins
    • Bitcoin

      Alternative Media Attacks Bitcoin: A Response To “Bitcoin Cannot Free Palestine”

      July 27, 2022

      Crypto Traders Split on Upcoming Fed Rate Hike’s Impact on Bitcoin

      July 27, 2022

      Bitcoin holds $21k – crypto rally still on

      July 27, 2022

      TA: Bitcoin Price Consolidates, Why Recovery Could Be Capped

      July 27, 2022

      Bitcoin Is Global Money For An Interconnected World

      July 27, 2022
    • Altcoins

      Wanchain AMA with Marketing Director Temujin Louie

      July 27, 2022

      ‘Game yet to begin’ for security token offerings, INX exec says

      July 27, 2022

      CryptoDep’s Top 5 Meme Tokens by Social Activity

      July 27, 2022

      Large Uniswap Holders Awaken, Accumulate Nearly $75,000,000 in UNI in About Two Weeks: Analytics Firm Santiment

      July 27, 2022

      Shiba Inu (SHIB) Burn Rate Continues 200% Rally Following Crypto Card Release

      July 26, 2022
    • Ethereum

      Bullish Sentiment Spills Over To Institutional Investors As Ethereum Inflows Balloons

      July 27, 2022

      Technical Analysis – Ethereum Price (ETH/USD) – 27/07/22

      July 27, 2022

      Massive Ethereum Supply Shock Incoming As ETH Prepares To Outpace Bitcoin: Raoul Pal

      July 26, 2022

      “Crypto King” Barry Silbert Hyping Up Ethereum’s Merge Upgrade

      July 26, 2022

      Institutional ETH sentiment turns positive after 11 weeks of outflows

      July 26, 2022
    • DeFi

      DeFi.org Announces Four Leading Participants in Its Polygon-Led Accelerator Program

      July 26, 2022

      DeFi Tokens Lido, Curve Follow Ethereum into Bear Territory

      July 26, 2022

      DeFi Total Value Locked (TVL) Soars By More Than $10 Billion

      July 26, 2022

      This little-known DeFi crypto token has rallied over 800% in a month

      July 26, 2022

      Solana said to be ‘more decentralized than people think,’ but there’s more

      July 26, 2022
    • NFT

      NFT potential vast and creative possibility endless, says YellowHeart CEO

      July 27, 2022

      A Complete Guide To Altcoins

      July 27, 2022

      Erick Calderon: NFT Platform Art Blocks’ Rapid Growth ‘Felt Unreasonable’

      July 26, 2022

      NFT Market Projected to Reach $200 Billion in 2030

      July 26, 2022

      The Sandbox Creating a Virtual Home & NFT Art for Alec Monopoly

      July 26, 2022
    • Mining

      The Top 5 Best Cryptocurrencies for Mining in 2022

      July 26, 2022

      Bitmain Partner Antalpha Unveils a Host of Needed Lending Products for Miners

      July 26, 2022

      AntPool Supports Ethereum Classic Ecosystem With $10M Investment

      July 26, 2022

      Texas a Bitcoin ‘hot spot’ even as heat waves affect crypto miners

      July 26, 2022

      Bitcoin mining to harness onsite natural gas emissions: Ark Invest

      July 26, 2022
    • Metaverse

      The Sandbox primary LAND sales volume fell 80% in Q2

      July 26, 2022

      HTC partners with Japan’s pixiv to launch 3D anime avatars in the metaverse

      July 26, 2022

      Wharton School launches metaverse-focused business course

      July 26, 2022

      Aftermath Islands Metaverse Limited Secures $25M Commitment from LDA Capital

      July 26, 2022

      Patents and Big Tech: Which Companies Will Rule the Metaverse?

      July 26, 2022
    • More…
      • Blockchain
      • Analytics
      • Exchange
      • Legal
      • Finance
      • Security
      • Other
    Guide to Crypto and Altcoins
    Home » France’s rigidity on crypto ads might spread through the E.U.
    Other

    France’s rigidity on crypto ads might spread through the E.U.

    🌐  cryptoslate.comJuly 27, 2022No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    French regulations that ban the marketing of cryptocurrencies and crypto companies forced  Formula (F1) teams to remove their crypto company sponsors from the cars, while RacingNews365 reports that an EU-wide crypto marketing ban might be coming.

    French watchdog Autorité des Marche Financiers (AMF) is in charge of regulating financial markets and decides what can be advertised. The AMF sees the term ‘crypto’ as a general term that could include currencies, wallets, and exchanges. While some have registered with the AMF, some didn’t. Therefore, everything falling under the term ‘crypto’ is subject to a strict advertisement ban.

    The French Grand Prix 2022 took place between 22 and 24 July. Aware of the regulatory implications, some sponsors chose to opt out, while some sought legal advice.

    Affected brands

    Eight of ten F1 teams currently have at least one crypto company or currency sponsor. As the implications of the advertisement ban are hefty, some sponsors have caved and decided not to exercise their branding rights in France.

    Crypto.com, which is F1’s global partner and the Aston Martin team’s sponsor, spoke to RacingNews365 and said:

    “Crypto.com decided they would not be exercising their branding rights for this race. But it remains F1’s global partner and we expect such rights to be leveraged in other ways at future races.”

    Similarly, the Alpine team removed Binance logos, and Alpha Tauri removed the Fantom ecosystem from their cars to avoid quarrels with the French watchdog.

    On the other hand, Red Bull Racing had both its sponsors, ByBit and Tezos, on display during the race. When asked about the French regulations, a spokesperson said that their legal team was aware of the situation and had decided that logos on their cars don’t fall under the AMF regulations.

    Mercedes’s team also made a similar decision about displaying Velas. The team confided with Velas and was informed that the advertisement didn’t fall under the AMF rules. The Mercedes team said:

    “Velas Network AG informed us it does not provide services that would require registration with the [AMF] and therefore there is no advertisement prohibition with respect to the use of the Velas logo on the Scuderia Ferrari assets within the scope of the French GP,”

    France on crypto

    France had always been very rigid regarding advertising regulations for the F1 races. The country has one of the most strict advertisement laws and has already banned tobacco, alcohol, and gambling ads. According to RacingNews365, the EU might take France as an example and imply marketing bans on specific cryptocurrencies and platforms.

    France has one of the highest crypto adoption rates in Europe. According to Gemini’s Global State of Crypto 2022 report, 16% of the French own crypto. The percentage climbs to 62% with high-income families. Also, France leads the way in gender equality in the cryptosphere, with more than 45% of crypto holders being female. In addition, 8% of the French also said they’d probably buy crypto by the year-end.

    From a regulatory perspective, France can be considered crypto-friendly. Even though there are no regulations for cryptocurrencies, the regulators are working on one. The AMF published crypto regulation proposals to the European Commission in July 2021, and the Commission retired with four major action points for France to work on.

    Source: cryptoslate.com
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    bitwiza
    • Website

    Related Posts

    Report: Just Over Half of South Africans Have Little to Zero Knowledge About Cryptocurrencies

    July 27, 2022

    IMF global outlook suggests dark clouds ahead for crypto

    July 27, 2022

    Japan Ministry of Economy launches Web3 policy office

    July 26, 2022

    10 Crypto Sports All-Stars

    July 26, 2022
    Add A Comment

    Comments are closed.

    Top Posts

    Open Interest In Ethereum Futures Has Hit a Record High

    February 13, 2022

    Number of SHIB holders surges more than 30% in a month

    November 12, 2021

    Estimating This Cycle’s Bitcoin Price Top

    November 12, 2021

    Subscribe to Updates

    Get the latest crypto news from bitwiza.com about altcoins, cryptocurrencies and blockchain.

    Sponsored
    UNITED NEKO ALLIANCE

    We are the leader in cryptocurrency news and a top knowledgebase for crypto assets, DeFi and blockchain.

    We're a community. Connect with us:

    Facebook Twitter Instagram Pinterest YouTube
    Top Insights

    Open Interest In Ethereum Futures Has Hit a Record High

    February 13, 2022

    Number of SHIB holders surges more than 30% in a month

    November 12, 2021

    Estimating This Cycle’s Bitcoin Price Top

    November 12, 2021
    Get Informed

    Subscribe to Updates

    Get the latest creative news from Bitwiza about altcoins, cryptocurrencies and blockchain.

    Facebook Twitter Instagram Pinterest
    • Altcoins
    • Blockchain
    • Bitcoin
    • DeFi
    • Ethereum
    • Crypto Mining
    • NFT
    • Security
    © 2023 Bitwiza. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.