UK Authority on ‘Red Alert’ After Banning 7 Crypto Ads

2021-12-17 23:30

The UK’s advertising watchdog has banned seven advertisements related to cryptocurrencies, and intends to update guidance next year. The Advertising Standards Authority (ASA) banned the ads, “for irresponsibly taking advantage of consumers’ inexperience and for failing to illustrate the risk of the investment.

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Google Profits off Impersonations of Banned Cryptocurrency Celebs and Companies

Cryptocurrency companies are banned on Google but the platform is allowing phishing sites to impersonate them. London-based bitcoin exchange Coin Corner showed that a fraudulent site mimicking it is allowed on Google’s advertising platform though its own evidence-backed appeals of legitimacy to Google Ads have been constantly ignored.

2020-5-1 14:50