‘Time to buy’ bitcoin adverts have been banned in the UK
25 May 2021
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The UK’s Advertising Standards Authority has banned commercials for BTC advertising:
“If you’re seeing bitcoin on the underground, it’s time to buy”.
The advertising watchdog said the ads were irresponsible and misleading.
Complaints said:
- the ads failed to illustrate the risks involved with investing and trading in bitcoin, which is unegulated in the UK, and was therefore misleading.
- and that the ads “took advantage of consumers’ inexperience or credulity”.