top of page
ad cnp.png
Writer's pictureCrypto News Point

UK Advertising Standards Authority Files Complaint Against Coinfloor For Its Publication Of A Bitcoi

The United Kingdom Advertising Standards Authority has filed a complaint against cryptocurrency exchange Coinfloor for its publication of a Bitcoin (BTC) advertisement in a regional news outlet.

According to the complainant, the ad, published in the Northamptonshire Telegraph on December 3, 2020, was deemed to have targeted retirees, who claimed the ad was misleading and socially irresponsible.

It has been reported that the ad led with the title “There is no point keeping your money in the bank…” and featured an image of a woman, aged 63, describing her decision to convert part of her pension into Bitcoin.

The retiree depicted in the advert was quoted as saying:

“More and more people are waking up to the savings power of Bitcoin… Today there is no point keeping it in the bank — the interest rates are insulting. […] That is why when I received my pension, I put a third of it into gold, a third of it into silver and the remainder into Bitcoin.”

Likewise, the supposed Coinfloor customer depicted in the advert even referenced Bitcoin’s oft-quoted reputation as digital gold

It continued:

“To me, Bitcoin is digital gold and it has allowed me to take the steps to secure the cash I already have… Thanks to Coinfloor’s Autobuy service, buying and holding Bitcoin has never been easier…”

The advert was alleged to be misleading because “It failed to make clear the risks associated with Bitcoin investments, including loss of capital, and that neither Coinfloor Ltd nor the general Bitcoin market was regulated in the U.K.” The complaint was upheld on this point, with the ASA noting that Coinfloor had not sufficiently conveyed Bitcoin’s volatility.

The ad was also alleged to be socially misleading because it suggested that purchasing Bitcoin was a good or secure way to invest one’s savings or pension.

Thus, the complaint was also upheld on this point, with the ASA judging that Coinfloor had represented Bitcoin investments as being safer than they really were.

Source: Cointelegraph | Image: Eurasia

4 comments

4 Comments


Dima Santarskiy
Dima Santarskiy
Nov 23, 2022

在线课堂的辅导https://www.academicsaviour.com/wangke-daixie,帮助学生更好地理解材料,为测试或考试做准备。这是确保取得好成绩的最快捷方式。在在线课堂辅导中,学习者接受在线导师的帮助,导师通常会根据学生的需要给出问题或家庭作业。辅导员还可以要求学习者对主题进行反思或查阅资源。

Like

Dima Santarskiy
Dima Santarskiy
Nov 23, 2022

使用Python,你可以建立各种各样的数据可视化。它还可以用来进行复杂的计算和分析数据。Python https://ca.liuxuesavior.com/java-and-python-dai-xie/ 很容易学习,入门级的编码员也可以使用。然而,要写出成语式的Python代码,你应该知道一些编码风格特征。

Like

Free Cheats
Free Cheats
Jul 24, 2021

The academic writing assistance market is growing, and you may join it by offering your unique expertise and talents to students. We're always on the lookout for specialists in a wide range of academic fields, including finance. So, if you're a professional with hands-on experience and knowledge, we'd love to have you on board. We'll look at your résumé and samples if you fill out the application form and tell us about your professional speciality.


By registering with us https://onlinefreelancejobs.net/finance-job/ , you gain access to a large number of freelance finance jobs posted by students from various institutions and universities throughout the world. At the moment, we're working hard to develop our customer base so that we can offer more…

Like

Free Cheats
Free Cheats
Jul 24, 2021

thanks for post

Like
bottom of page