Great Britain prohibits Krypto advertising from Papa John's Pizza, Coinbase, Etoro, Luno, Kraken-Regulation
Great Britain prohibits Krypto advertising from Papa John's Pizza, Coinbase, Etoro, Luno, Kraken-Regulation
The British advertising supervision has banned several cryptocurrency ads, including those of Papa John’s Pizza, Coinbase, Kraken, Etoro and Luno. The authority says that the ads are "misleading" and "use the inexperience of consumers irresponsible".
7 crypto ads banned by the British authority
The Advertising Standards Authority (ASA) banned seven advertisements for cryptocurrencies on Wednesday. The ads are for Papa John’s Pizza, Coinbase, Kraken, Etoro, Luno, Coinburp and Exmo.
After the evaluation, the British advertising supervision says that the ads are "misleading" and "irresponsible to use the inexperience of consumers and do not illustrate the risk of investing".
In addition to concrete instructions to every company, what it needs to do to comply with its advertising standards in the future, the ASA ordered in all cases:
The ads must not appear again in the contested form.
The display of Papa John’s Pizza was an advertising campaign on his website and on Twitter. The famous pizza chain was Give Bitcoin with purchases in May. The company campaigned with "free Bitcoin worth £ 10". In the event of a purchase of £ 30 or more, customers would save £ 15 and Bitcoin worth £ 10 from the crypto bite Luno.
The display of Coinbase was a paid Facebook advertisement. It contained a text that was: "5 £ in Bitcoin in 2010 would be worth over £ 100,000 in January 2021. Do not miss the next decade - start with Coinbase today."
luno's display was an in-app display that could be seen in the Daily Mail online app. It contained a text in which it says: "Invest in crypto for only £ £." This was not the first time that the ASA had a problem with displays from Luno. The authority banned the "time to buy"-bitcoin displays in London buses and the subway in May.
PAYWARDS DISCENT was a digital poster for his Kraken crypto exchange, which could be seen at London Bridge station. It contained a text in which it says: "Buy more than 50 crypto in minutes", "First steps with only £ 10" and "Build digital wealth and buy crypto."
The advertisement of Etoro was a paid display display on the Yahoo Finance website. It contained a text in which it says: "Invest with a click in the best cryptos in the world."
Exmos display was a video on the Wingin 'it! YouTube channel by Paul Lucas. The description of the video contained the text: "Download Exmo now and save a lot of trade commissions! Exmo has received temporary registration for the implementation of crypto-asset activities."
The seventh on Wednesday was a Twitter page for the crypto trading platform Coinburp, which contained a bio section, in which it says: "Register in minutes, pay immediately and then make super catching up and secure crypto trades."
In November, the Asa started an investigation of advertising for cryptocurrency floki inu (floki). The advertisements entitled "Missing Doge? Get Floki", appeared in London buses and the subway.
What do you think that the British advertising authority prohibits crypto advertising? Let us know in the comment area below.
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