Crypto.com, it continues to make a name for itself especially with the steps and advertising campaigns it has taken recently. Crypto.com, which also opened in the UK and organized an advertising campaign, may not have achieved the success it wanted in this country.
Advertising Ban on Crypto.com
England’s advertising regulator, in a statement made today, emphasized that it has removed the ads that it has examined after the complaint.
The UK’s advertising regulator has announced that it has banned and removed two ads in this context. on September 1, 2021 Daily Mail The first ad seen on the app includes the phrase “Buy Bitcoin instantly with a credit card”.
The advertisement, which started appearing in the Love Balls application as of July 30, 2021, includes the phrase “Save up to 8.5%”. In a statement on the subject, the UK’s advertising regulator emphasized that this could be a misunderstanding that in fact every money invested will increase by 8.5%.
Advertising Standards Authority (ASA), In addition to this, he stated that the advertisements could not clearly present the investment risk and that it was shown as a risk-free investment. It is stated that there is no warning against credit card debt at the same time when buying crypto money with a credit card and the risk of borrowing is overlooked.
While the ASA did not impose any fines, it did say that future advertisements should definitely address the risk of investing in cryptocurrencies.
ASA, previously Floki InuHe had issued a warning against advertisements of ‘s on the British subway and had them removed.