The U.K. advertising watchdog, the Advertising Standards Authority, decided to ban crypto ads because they failed to explain the risk of blockchain investment.
(Photo : Photo Illustration by Dan Kitwood/Getty Images)
In this photo illustration a visual representation of the digital currency Bitcoin sinks into water on August 15, 2018 in London, England. Most digital currencies including Bitcoin, (BTC) Ethereum, (ETH) Ripple (XRP) and Stella (XLM) have seen a dramatic fall in their prices throughout 2018 amid a ‘mass sell-off’. In December 2017 the price of BTC hit $20,000 USD but has since fallen to around $6000 USD.
Right now, many people across the globe are suddenly jumping in into the rising digital coin trends.
Seeing the increasing values of Bitcoin, Ethereum, and other giant cryptocurrencies, young investors are entering the world of the blockchain market, hoping they could also experience the success of these cryptos.
Recently, TechTimes reported that Visa’s new crypto advisory initiative was rolled out. On the other hand, some crypto CEOs conducted a discussion about the digital coins in the United States last Dec. 8.
These are just some things that various companies and crypto providers are doing to allow their consumers to understand more about blockchain. However, it seems like ASA does not see these efforts from the ads that it banned.
UK Watchdog Bans Misleading Crypto Ads
According to CNBC‘s latest…
