News with the tag "crypto ads"

The Financial Conduct Authority, the UK’s financial watchdog, faces challenges in enforcing its rules on illegal crypto advertisements. Despite flagging 1,702 illegal cryptocurrency ads, websites, and apps between October 2023 and October 2024, only 54% were removed online, with nearly half still ac...

The UK’s Financial Conduct Authority (FCA) is reportedly failing in its attempt to ban crypto advertisements so far. Half of all crypto advertisements are still up in the UK, and the FCA has yet to penalize any of the companies, the Financial Times reports . Citing data from a freedom of information...

The Financial Conduct Authority (FCA) in the United Kingdom has failed to act on the illegal crypto promotions and related ads parading the region. This comes after the FCA kickstarted a crackdown effort and issued over 1,700 alerts between October 2023 and October 2024. As a result, the regulator i...

Only 54% of the 1,702 alerts issued by the United Kingdom’s Financial Conduct Authority resulted in illegal crypto ads being taken down.

Google has announced a significant policy change for crypto advertisements targeting the United Kingdom, requiring advertisers to register with the Financial Conduct Authority (FCA) before promoting digital asset exchanges and wallets. The updated policy, which comes into effect on January 15, 2025,...

Australia’s competition watchdog has claimed 58% of crypto ads on Facebook are scams; Meta says the data is old and unreliable.

A US judge rejected Meta Platform’s bid to dismiss a lawsuit by billionaire Australian mining tycoon Andrew Forrest over Facebook crypto ads. The lawsuit revolves around a series of deceptive Facebook ads featuring Forrest endorsing fake crypto projects and other fraudulent investments. Forrest is n...

U.S. District Judge Casey Pitts has ruled against Meta Platforms’ motion to dismiss a lawsuit filed by Australian billionaire Andrew Forrest. The litigation centers on Forrest’s allegations that Meta negligently allowed fraudulent cryptocurrency advertisements featuring his image on Facebook, leadin...

Thailand’s Securities and Exchange Commission (SEC) warned digital asset platforms over crypto promotion and misleading advertisement. According to local reports, these platforms must be careful with their ads and focus on benefiting investors. The warning follows the regulator’s efforts to stringen...

The upcoming face-off at Super Bowl LVIII between the Kansas City Chiefs and the San Francisco 49ers marks a monumental shift in the advertising strategy we’ve grown accustomed to in previous years. Those tuning in on February 11th will find themselves watching a game remarkably devoid of the crypto...