The U.K.’s advertising authority has launched an investigation into advertisements for the cryptocurrency floki inu (FLOKI). The ads, titled “Missed Doge? Get Floki,” have appeared on London buses and the underground. The team behind the floki inu ad campaign says the advertisements are “legally cleared,” and the advertising authority’s action is “an attack against cryptocurrency and against the people’s freedom of choice — a clear attempt at censorship.”
UK’s Advertising Authority Investigating Ads for Floki....
The U.K.’s advertising authority has banned an ad for cryptocurrency floki inu (FLOKI). The authority says the ad’s “Missed Doge? Get Floki” claim “exploited consumers’ fears of missing out and trivialized investment in cryptocurrency.” The ad was also “irresponsible” and “took advantage of consumers’ inexperience or credulity,” the regulator said.
Floki Ad Banned in the UK
The Advertising Standards Authority (ASA), the U.K.’s regulator of advertising, published its “Ruling on Floki....
Britain’s advertising authority has banned a promotion on the London Underground for Floki Inu, a cryptocurrency named after Tesla CEO Elon Musk’s dog. According to the Advertising Standards Authority, the marketing program was “irresponsible” since it allegedly exploited customers’ lack of information about the potential risks associated with investing in crypto assets. The advertisement, which […]
The CEO of Tesla, Elon Musk shared a picture of a Shiba Inu pup and said “Floki has arrived” to his 59.8 million Twitter followers. Of course, the tweet affected the price of a few specific meme-based crypto assets that leverage the “Floki” name.
Shiba Floki Token Soars After Elon Tweets an Image of His New Pup
Elon Musk has been a fan of dogecoin (DOGE) for a while now and on a few occasions, the CEO of the electric car manufacturer Tesla has tweeted a reference to other meme-based canine coins in the past. Musk referenced “baby doge”....
Meme coins have been all the rave recently with thousand-percent gains being realized by their investors. The success of predecessors like Dogecoin and Shiba Inu has caused other projects to pop up all over the place, a good portion of which turn out to be scams or terrible projects that just die out. Some have […]