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UK-Based ASA To Eliminate Crypto Ads That Are Deceptive

 


ASA is also known as The Advertising Standards Authority is an advertising watchdog based in the United Kingdom. Currently, it made news with its declaration of clamping down the deceptive advertisements that promote investments in cryptocurrency. This monitoring institution will comprise campaigns related to digital currency with a ‘red alert’ signal in the marketing stream of finance. ASA will take charge of these manipulative crypto promotion ads and will inform the companies of the issuance of future warnings.


UK-Based ASA To Raise Alertness On Crypto Campaigns


The United Kingdom-based ad watchdog ASA is not convinced with the way cryptocurrency campaigns are carried out. According to the Advertising Standards Authority, it will take stricter steps in curbing the crypto promotion advertisements that are misleading. 


Referring to it, if there is any advertisement that does not fall under the issued regulatory standards will not be allowed. An official at the ASA had further cleared that this matter will be taken on a serious note. Problems identified will be cracked down immediately. ASA has marked the crypto ad campaigns with a red alert and will deal with this issue on priority. 


This ad agency watchdog would be raising the inspection on all the advertisements that are related to cryptocurrency promotion. As per the rules, these misleading ads do not fall under the criteria of the regulatory conditions. ASA makes trust upon the complaints filed by consumers in taking a stand against the third parties. But now this advertisement watchdog would also be monitoring the activities of marketing even on social media platforms. 


Keep exploring such new updates on crypto-related news sites, and know what is HODL in crypto on the Cryptoknowmics. 


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