Amid the U.K.’s seemingly harder stance on crypto regulations stance on the cryptocurrency business, authorities are planning to launch an effort this month to hunt and shut down deceptive crypto adverts.
ASA, the U.K. advertising industry’s watchdog, is spearheading efforts to regulate cryptocurrency ads. According to a report by the Financial Times, Miles Lockwood, ASA’s director of complaints, said the authority would particularly target irresponsible crypto ads being spread online and on social media platforms. He added:
Defaulting companies will be issued warnings and may be required to add disclaimers to their advertisements. Already a Bitcoin poster sponsored by cryptocurrency exchange Luno was taken down by ASA in May.
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Source: Cryptocurrency - investing.com
