In an update to its policies, the social media platform prohibited branded content relating to financial services such as digital currencies, foreign exchange, forex trading, and investment services.
The ASA flagged Coinfloor’s phrase “there is no point in keeping your money in the bank” as objectionable, despite a small-print disclaimer at the foot of the ad.
Threat from fraud is most acute in digital currency and forex markets, where people were unwittingly falling for scams.
The U.K. Advertising Standards Authority (ASA) upheld a complaint against BitMEX exchange for an advertisement for BTC it says is misleading.
