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Trump's military interventions concern China despite there being no direct risk
Trump's military interventions concern China despite there being no direct risk
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UK bans Coinbase ads implying crypto can ease cost of living concerns2 days agoShareSaveLiv McMahonTechnology reporterShareSaveGetty ImagesThe UK's advertising watchdog has banned adverts from one of the world's biggest cryptocurrency firms which it said implied crypto could ease people's cost of living concerns.People complained to the Advertising Standards Authority (ASA) after a series of Coinbase ads in August depicted the UK in various states of disrepair alongside a satirical slogan and the exchange's logo.The ASA upheld the complaints and banned the adverts, finding they "trivialised the risks of cryptocurrency", which is largely unregulated in the UK.Coinbase said it disagreed with the watchdog's decision."While we respect the ASA's decision, we fundamentally disagree with the characterisation of a campaign that critically reflects widely reported economic conditions as socially irresponsible," it said in a statement. "The advert was intended to provoke discussion about the state of the financial system and the need to consider better futures, not to offer simplistic solutions or minimise risk."As well as three posters, there was a video ad which depicted people and businesses in hardship while characters sang a satirical song about everything being "just fine".Among scenes shown to viewers were a family home "in a state of disrepair", a high street with closed shops "littered with binbags and rats" and a supermarket containing signs highlighting price increases, the
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