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U.K Advertising Regulator ASA Bans Ads for Kraken, Coinbase and Luno Exchange

Published 12/16/2021, 02:19 AM
Updated 12/16/2021, 02:30 AM
U.K Advertising Regulator ASA Bans Ads for Kraken, Coinbase and Luno Exchange

  • U.K’s Advertising Standards Authority (ASA) bans several crypto exchange ads.
  • Banned crypto ads include that of Kraken, Coinbase (NASDAQ:COIN), Luno exchange and much more.
  • ASA terms that the ads are misleading for the end user.

The United Kingdom does indeed truly look towards the betterment of its people. With regards to this, the Advertising Standards Authority (ASA) of the United Kingdom has banned the ads and ad based campaigns of several prominent global crypto exchanges. Accordingly, on December 15th, the ASA has officially announced the ban of several ads of various crypto exchanges, as they deviate from their standards and regulations.

Besides, ASA also quotes that they are actually trying to take advantage of consumers who are unaware of what crypto is and risks involved with it.

The Kraken Ban

Kraken promoted itself through a digital poster which could be seen at London Bridge station not anymore though! Accordingly, ASA states that the risk disclaimer in the digital poster ran ...

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