UK advertising watchdog pulls Coinbase ads over concerns it was ‘socially irresponsible’

The UK's Advertising Standards Authority (ASA) has banned several Coinbase advertisements, including a video ad and three posters displayed in London, deeming them “socially irresponsible.” The ASA received 35 complaints arguing the ads minimized the risks associated with cryptocurrency and falsely suggested it could alleviate financial difficulties. The advertisements featured slogans like “everything is just fine” alongside imagery of financial hardship, implying Coinbase offered a solution. Coinbase disagreed with the ruling, stating the ad aimed to spark discussion about the financial system, not to offer simplistic solutions. CEO Brian Armstrong previously criticized the ASA, arguing the ads highlighted issues with the traditional financial system and presented crypto as a potential improvement.

(Source：The Block)