UK advertising watchdog flags crypto ads ‘red alert’ priority
The United Kingdom’s Advertising Standards Authority is increasing its capacity to track misleading crypto ads using AI and scraping. Amid the United Kingdom taking a tougher regulatory stance on the cryptocurrency industry, a major local advertising industry organization has announced a crackdown on crypto ads.The Advertising Standards Authority (ASA), the U.K.’s independent advertising regulator, plans to launch a major effort this month to hunt and shut down misleading crypto adverts, the Financial Times reported Friday.Miles Lockwood, ASA’s director of complaints, said that the....
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The Advertising Standards Authority (ASA), the U.K. advertising watchdog, declared it would crack down on misleading ads promoting cryptocurrency investments. The organization will include cryptocurrency campaigns as a “red alert” priority in the financial marketing department. The organization will be more proactive regarding these ads, it claims, contacting companies and issuing warnings in the future. UK Advertising Watchdog to Increase Vigilance on Crypto Campaigns The U.K. advertising watchdog is not happy about how cryptocurrency campaigns are being carried 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....
U.K. financial regulators have announced an 11 million pound digital marketing war chest to warn people about the dangers of crypto investments. The United Kingdom’s Financial Conduct Authority (FCA) created an 11 million pound ($15.2 million) digital marketing campaign to warn citizens about the risks associated with crypto investments.Nikhil Rathi, chief executive of the FCA, made this known in a draft speech for the agency’s webinar titled “Our Role and Business Plan” delivered on Thursday.Detailing the FCA’s decision to create the campaign fund, Rathi stated that the U.K. regulator is....
The ASA wants crypto firms to make it clear that past crypto rallies do not guarantee the same scenarios in future. The Advertising Standards Authority, or ASA, the United Kingdom’s independent advertising regulator, has taken down another batch of cryptocurrency-related ad campaigns promoting several major industry firms.On Dec. 15, the advertising watchdog issued several rulings on ad violations involving six crypto-related firms including Coinbase, Kraken, eToro, Exmo, crypto broker Coinburp and Luno crypto exchange. The ASA also issued a similar ruling for pizza chain Papa John’s.All....
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 […]