Cryptocurrency

[_V_]

Crypto won, get over it.

[AtW]

https://www.theguardian.com/technolo...rive-shortages

So tulipcoin is now going to drive up hard drive prices? Starting to think there's some kind of collusion between component manufacturers and "inventors" of new "currencies"

This would have never happened under Labour!

[ladymuck]

https://www.theguardian.com/technolo...rive-shortages

So tulipcoin is now going to drive up hard drive prices? Starting to think there's some kind of collusion between component manufacturers and "inventors" of new "currencies"

[AtW]

Except crypto isn't regulated, which is presumably why it was the Advertising Standards Authority (not the FSA) which intervened.

They should (both) have intervened to prevent ad from being published in the first place - the damage had already been done.

[DealorNoDeal]

‘Time to buy’ - clear call to action, financial advice - how was that allowed in the first place? One would have thought any ads that relate to investments should get reviewed and approved by relevant regulator.

Except crypto isn't regulated, which is presumably why it was the Advertising Standards Authority (not the FSA) which intervened.

[_V_]

https://www.efinancialcareers.com/ne...o-billionaires

[_V_]

I don't know why they're just singling out Bitcoin and crypto.

There's a whole host of complex, volatile financial instruments out there that you can lose money on. IMO, the ads for stock brokers, pushing US tech stocks, are just as irresponsible.

And BTW, if anything needs banning, it's gambling ads, where punters are more or less guaranteed to lose.

https://www.bbc.co.uk/bbcthree/artic...c-6536ec31d46c

[AtW]

And BTW, if anything needs banning, it's gambling ads, where punters are more or less guaranteed to lose.

No, those are ok because they all have in small print: gambleresponsibly.mug.uk

‘Time to buy’ - clear call to action, financial advice - how was that allowed in the first place? One would have thought any ads that relate to investments should get reviewed and approved by relevant regulator.

[DealorNoDeal]

I don't know why they're just singling out Bitcoin and crypto.

There's a whole host of complex, volatile financial instruments out there that you can lose money on. IMO, the ads for stock brokers, pushing US tech stocks, are just as irresponsible.

And BTW, if anything needs banning, it's gambling ads, where punters are more or less guaranteed to lose.

[_V_]

“‘Time to buy’ bitcoin adverts banned in UK for being irresponsible

Campaign failed to say investment was complex, volatile and could expose investors to losses, says ASA”

https://www.theguardian.com/media/20...-banned-uk-asa

So good that the authorities banned it!