Crypto ads Financial News

18.05 / 07:41

SEBI crypto ads asci Celebrity Industry divided over Sebi's proposal to ban celebrities in crypto ads

ASCI) in February earlier this year, market regulator Sebi has now proposed to bar celebrities and public figures from endorsing cryptos. According to multiple media reports, the capital markets regulator said public personalities could be held accountable if crypto ads are found to be violating regulations. However, the ASCI said it isn't discussing changing its guidelines on crypto advertisements, clearing the air on its position as an important stakeholder on a suggested ban on Indian celebrities endorsing crypto products.

17.05 / 11:27

cryptocurrency crypto ads asci SEBI proposes banning celebrity promotion of cryptos

The Securities & Exchange Board of India (SEBI) has recommended that no 'prominent public figures, including celebrities and sportsmen,' should endorse crypto products. The market regulator proposed that companies advertising cryptos and digital assets should also put up disclosures listing out possible law violations.

19.03 / 07:37

Facebook crypto ads Meta Meta Platforms Australian Australian watchdog sues Facebook-owner Meta over fake crypto ads

Facebook owner Meta Platforms on Friday, alleging the social media giant failed to prevent scammers using its platform to promote fake ads featuring well-known people. The advertisements, which endorsed investment in cryptocurrency or money-making schemes, could have misled Facebook users into believing they were promoted by famous Australians, the Australian Competition & Consumer Commission (ACCC) said. The lawsuit filed in the Federal Court also alleges Facebook «aided and abetted or was knowingly concerned in false or misleading conduct and representations by the advertisers,» the ACCC said in a statement.

24.02 / 04:49

crypto ads guidelines ASCI issues guidelines for promotion and advertisement of crypto, NFTs

Mumbai: The advertising industry’s self-governing body has put out guidelines for the promotion and advertisement of crypto and non-fungible tokens (NFTs), amid growing concerns over their sustained targeting of retail investors. The Advertising Standards Council of India (ASCI) said on Wednesday that all virtual digital asset (VDA) products and services should carry the disclaimer: “Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.” It further said such disclaimers should be prominent and unmissable to an average consumer. ASCI also specified how the disclaimer should look in the print, video, and audio format as well as social media posts and stories.

23.02 / 15:35

NFTS crypto ads asci guidelines ASCI frames guidelines for advertising & promotion of crypto assets

ASCI) has issued a set of guidelines for the advertisement and promotion of virtual digital assets (VDAs). ASCI in its order observed that advertising for VDAs, commonly referred to as crypto or NFT products, has been very aggressive over the past few months and said that several advertisements have failed to disclose risk associated. «We have extensively consulted with different stakeholders including government and the virtual digital asset industry to frame guidelines for VDA advertising,» it said in a release on Wednesday.

18.01 / 12:53

cryptocurrency crypto ads Storyboard18 | Can crypto ads land celebrities in legal trouble?

Cryptocurrency platforms hit the headlines worldwide as CNBC reported that reality TV star Kim Kardashian and boxing legend Floyd Mayweather are being sued over allegations that they misled investors when promoting a little-known cryptocurrency called EthereumMax to their millions of social media followers.

01.12 / 13:46

crypto ads Lens on misleading ads promoting cryptos: FM Nirmala Sitharaman

Nirmala Sitharaman told the Rajya Sabha. She didn't respond directly to a question on whether the government will ban such advertising.

17.11 / 07:57

WazirX Crypto exchanges crypto ads WazirX, Bitbns hit pause on crypto ads

WazirX and Bitbns have decided to abstain from putting out advertisements, amid discussions of a possible regulatory clampdown of the cryptocurrency sector. To avoid luring users who do not have an understanding of virtual currencies, WazirX has been keeping away from print and television advertisements, founder Nischal Shetty told ET.

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