British Regulator Pulls Coinbase Ads Over “Irresponsible” Concerns

BlockBeats News, January 29th. The UK Advertising Standards Authority (ASA) on Wednesday criticized a video ad and three posters from Coinbase, which had been running in London's subway and train stations since August. The ASA stated that 35 complainants found these ads irresponsible, downplaying the risks of cryptocurrency and implying it could solve people's financial problems.

The Coinbase video ad depicted various life struggles such as high cost of living and unemployment, implying that Coinbase is an alternative to the traditional financial system that can address these issues.