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UK Regulator Bans Two Crypto.com Ads
Summary: The UK's marketing regulator on Wednesday said it had banned two adverts from Crypto.com following a complaint. The ads failed to illustrate the risks of the investment, were irresponsible, and took advantage of consumers’ inexperience or credulity, the regulator added. The watchdog also objected to the suggestion that consumers should buy crypto on credit without ...
The UK's marketing regulator on Wednesday said it had banned two adverts from Crypto.com following a complaint. The ads failed to illustrate the risks of the investment, were irresponsible, and took advantage of consumers’ inexperience or credulity, the regulator added.
The watchdog also objected to the suggestion that consumers should buy crypto on credit without also warning of the dangers of going into debt. There were no fines issued, only warnings that future ads must include details that make clear that the value of investments in cryptocurrency could go down as well as up.
By Amy Liu
