NEWS FLASH: UK Regulator Bans Coinbase Ads Over "Cost of Living" Claims đš
The UK's Advertising Standards Authority (ASA) has officially banned a series of Coinbase advertisements, ruling they irresponsibly suggested cryptocurrency could solve the nation's cost-of-living crisis đŹđ§.
The controversial "Everything is Fine" campaign featured satirical scenes of economic decay and rising prices, which regulators argued trivialized the high risks of digital asset investment during financial hardship đ.
ASA officials stated that using humor to present complex, volatile financial products as an "easy fix" for serious economic struggles is misleading and lacks essential risk warnings for vulnerable consumers â ïž.
This crackdown underscores the growing tension between aggressive crypto marketing and strict consumer protection laws; Coinbase maintains the ads were intended to spark dialogue about updating the global financial system âïž.
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