UK’s ASA Issued Warnings Against Over 50 Crypto Companies, Including Coinbase

The Advertising Standard Authority intensified its negative stance against crypto-related companies. It warned such entities not to encourage individuals to purchase digital assets with credit cards or swap their pensions for coins like bitcoin.The British authorities and financial regulators are known for their harsh stance against the cryptocurrency sector.

The Advertising Standard Authority is yet another watchdog with a hostile viewpoint on the matter. Today , itan enforcement notice to more than 50 firms that promote digital assets. Apart from setting standards for their operations, the ASA warned those organizations not to encourage individuals to buy cryptocurrencies via credit cards.

It is worth noting that the regulator warned not only unknown and dubious cryptocurrency-related companies but also some of the giants in the field, including Coinbase and eToro.The ASA has already banned some misleading cryptocurrency adverts on British soil. In May last year, numerous slogans emerged on London’s Underground and bus stations stating, “If you’re seeing Bitcoin on the Underground, it’s time to buy.

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Source: cleantechnica - 🏆 565. / 51 Read more »