The Advertising Standards Authority (ASA) announced that it had banned the ad which contained an image of a cartoon dog wearing a Viking helmet as well as text that read, “MISSED DOGE. GET FLOKI.”
The club’s fan token reportedly entitles its holders to "certain voting rights on official club decisions and the opportunity to earn real-life and digital club-related benefits and experiences."
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.