F1 Teams Remove Crypto Ads Following France’s Advertising Laws
RacingNews365’s reported on July 26 that because of France’s advertising laws, numerous Formula One teams were required to conceal or remove decals showing branding by crypto-related companies during the French Grand Prix weekend. One of the countries that adopt cryptocurrencies most quickly is France. According to triple-A research, there are presently 3.4 million cryptocurrency owners in France or […]
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Spectators could not see Crypto.com’s logos during Formula One's French Grand Prix, while staff from Alfa Romeo, AlphaTauri and Alpine reportedly removed crypto-related branding. Many Formula 1 international racing teams reportedly removed or covered branding and logos from crypto-related sponsors in response to uncertainty around France’s advertising regulations.According to a Tuesday report from RacingNews365, Crypto.com’s logos were not on display during the French Grand Prix on Sunday — the crypto exchange has been a global partner with the racing series starting in July 2021. The team....
The Bank of France’s deputy governor said there has been a “hands-on approach” with the bank’s experiment to launch a digital euro for the general public.
The Advertising Standards Council of India has released guidelines for the advertising and promotion of crypto assets and related services. “We had several rounds of discussion with the government, finance sector regulators, and industry stakeholders before framing these guidelines.”
India’s Crypto Ad Guidelines Published
The Advertising Standards Council of India (ASCI) published Wednesday “guidelines for advertising and promotion of virtual digital assets and services.”
The guidelines are applicable to all advertisements....
China’s largest search engine, Baidu, has discreetly removed all bitcoin and virtual currency-related advertising from its online portals. China, the world’s largest market for bitcoin will no longer see bitcoin-related advertising on the country’s most-used search engine Baidu. The search engine giant moved to remove all cryptocurrency advertisements from its online portals this Thursday. Prominent Chinese exchanges OKCoin and Huobi confirmed the ban to Bloomberg, which claimed that the move was a reaction to the growing number of cryptocurrency-related Ponzi schemes and scams in the....
The U.K.’s advertising authority has sent an enforcement notice to more than 50 companies that advertise cryptocurrencies. “We will monitor for compliance and implement sanctions if we do not see improvements,” said the regulator. British Advertising Regulator’s ‘Red Alert’ Priority Issue The U.K. Advertising Standards Authority (ASA), the country’s regulator of advertising, announced Tuesday: We have issued an enforcement notice to over 50 companies which advertise cryptocurrencies, instructing them to review their ads and to ensure they....