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cryptocurrency adverts banned as a ‘Red Alert’

The Advertising Standards Authority (ASA) says monitoring cryptoassets, like Bitcoin, is a “red-alert priority” following concerns that many ads fail to fully convey the risks of investing. The bans form part of a broader project that will result in updated guidance for the advertising of cryptoassets next year. “Consumers need to know about the risks of investing in cryptoassets and companies should make sure that their ads aren’t misleading or socially irresponsible by taking advantage of consumers’ lack of awareness around these complex and volatile products,” he said. Is this a way of blocking Crypto Investment ?

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