The UK ASA today issued a ruling regarding a tweet from the Essex County Cricket club Twitter/X account which promoted NFTs for FanCraze Technologies.
The ASA challenged whether the Crypto.com ad was misleading because it failed to illustrate the risk of investing in NFTs.
The ASA challenged whether the ad was misleading because it didn’t make clear the risks associated with Non-Fungible Tokens (NFTs).
ASA told Clearpay Finance Ltd to ensure that its ads did not encourage people to spend more than they could afford.
The complainant challenged whether the crypto ads featured on Jessica and Eve Gale’s Instagram accounts were irresponsible.
Following independent review, the ASA decision to uphold the complaints against Arsenal FC crypto ad remains unchanged.
The UK ASA investigated an AJ Bell ad under Social responsibility rules, but did not find it in breach.
The UK FCA has not been given regulatory oversight over the direct investments in cryptoassets and NFTs.
The UK ASA has issued an Enforcement Notice to over 50 companies which advertise cryptocurrencies, instructing them to review their ads.
The Advertising Standards Authority (ASA) has determined a digital poster for crypto platform Ziglu to be misleading.