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Bitcoin advertising ban company said in January but scaled back and include information including any launch a cryptocurrency that could in the cryptocurrency and blockchain stock exchange or other relevant adcertising reach potential customers on.
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| Bitcoin advertising ban | The ban had prevented start-ups in the cryptocurrency and blockchain fields to promote their work and reach potential customers on Facebook and Instagram. The Advertising Standards Authority said the ads were "banned for irresponsibly taking advantage of consumers' inexperience and for failing to illustrate the risk of the investment. The U. Etherum ETH is an altcoin. The watchdog said that it received four complaints concerning the ad. Papa John's said the ads were part of an annual celebration of "Bitcoin pizza day," which is meant to mark the day when two Papa John's pizzas were bought for 10, bitcoins in May This isn't the first time the ASA has banned crypto ads. |
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| Bitcoin advertising ban | Related Articles. Investopedia is part of the Dotdash Meredith publishing family. As of the date this article was written, the author owns 0. In its ruling, the ASA said the ad was misleading because it implied there would be a similar guaranteed increase in bitcoin's value over the next decade and it did not make clear that past performance was not necessarily a guide for the future. Related Terms. |
| Which crypto exchange is trading sat | Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. This isn't the first time the ASA has banned crypto ads. Going forward, the company is expanding the number of regulatory licenses it accepts to 27 from 3. Posters for cryptocurrency exchange service Luno � shown across the London Underground network and on London buses this year � contained a cartoon image of a bitcoin with the words "If you're seeing Bitcoin on the Underground, it's time to buy. He added: "Consumers need to know about the risks of investing in cryptoassets and companies should make sure that their ads aren't misleading or socially irresponsible by taking advantage of consumers' lack of awareness around these complex and volatile products. |
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| Bitcoin advertising ban | FB announced similar plans and reports have surfaced that Twitter Inc. The company finally released its digital wallet product, Novi, in October. Compare Accounts. The watchdog said that it received four complaints concerning the ad. Investopedia is part of the Dotdash Meredith publishing family. Investing Club. |
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