Storbritannien förbjuder kryptoannonser från Papa John's Pizza, Myntbas, Etoro, Månen, Kraken

UK Bans Crypto Ads by Papa John's Pizza, Myntbas, Etoro, Månen, Kraken

The U.K. advertising watchdog has banned several cryptocurrency ads, including those by Papa Johns Pizza, Myntbas, Kraken, Etoro, and Luno. The authority says the ads aremisleadingandirresponsibly taking advantage of consumersinexperience.

7 Crypto Ads Banned by UK Authority

The Advertising Standards Authority (ASA) banned seven cryptocurrency ads Wednesday. The ads are for Papa Johns Pizza, Myntbas, Kraken, Etoro, Månen, Coinburp, and Exmo.

After evaluation, the U.K. advertising watchdog says that the ads aremisleadingandirresponsibly taking advantage of consumersinexperience and for failing to illustrate the risk of the investment.

Besides giving specific instructions to each company about what they must do to comply with its advertising standards in the future, the ASA ordered in all cases:

The ads must not appear again in the form complained about.

The Papa Johns Pizza ad was a promotion on its website and Twitter. The famous pizza chain was giving away bitcoin with purchases in May. The company advertisedfree bitcoin worth £10.” With a purchase of £30 or more, customers would save £15 and get £10 worth of bitcoin from crypto exchange Luno.

Myntbas’s advertisement was a paid-for Facebook ad. It included text that reads: “£5 in bitcoin in 2010 would be worth over £100,000 in January 2021. Dont miss out on the next decadeget started on Coinbase today.

Månen’s ad was an in-app ad seen within the Daily Mail Online app. It included text which states: “Invest in crypto for as little as £1.” This was not the first time the ASA had a problem with ads by Luno. The authority banned the exchangesTime to Buybitcoin ads on London buses and the underground in May.

Paywards ad was a digital poster for its crypto exchange, Kraken, seen at London Bridge station. It included text which states: “Buy 50+ crypto in minutes,” “Get started with as little as £10,” andBuild digital wealth and buy crypto on the go.

Etoro’s ad was a paid-for display ad on the Yahoo Finance website. It included text which states: “Invest in the worlds top cryptos with one click.

Exmos ad was a video on the WinginIt! Paul Lucas Youtube channel. The videos description had text that states: “Download Exmo now and save loads on trading commissions! Exmo has been given temporary registration to carry out crypto-asset activities.

The seventh ad banned Wednesday was a Twitter page for crypto trading platform Coinburp, which included a bio section which states: “Register in minutes, deposit instantly, then make super-easy and secure crypto trades.

In November, the ASA launched an investigation into advertisements for the cryptocurrency floki inu (FLOKI). The ads, titledMissed Doge? Get Floki,” appeared on London buses and the underground.

What do you think about the U.K. advertising authority banning crypto ads? Let us know in the comments section below.