The _________________ has released new guidelines for advertisers publishing ads about virtual digital assets (VD

The Advertising Standards Council of India (ASCI) has released new guidelines for advertisers publishing ads about virtual digital assets (VDA) including cryptocurrencies and non-fungible tokens (NFTs). The guidelines will be applicable to all advertisements released or published after 1 April 2022. In accordance with the new guidelines, all advertisements for VDA products, VDA exchanges or featuring VDAs should carry a disclaimer that says, “Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions”.