UK advertising watchdog bans Coinbase ads as 'irresponsible'

The ASA banned Coinbase adverts concluding they imply crypto could ease the country's cost-of-living crisis. What to know : The Advertising Standards Authority has banned a series of Coinbase's U.K. ads, ruling they were irresponsible and misrepresented the risks of investing in cryptocurrency. The regulator said the campaign improperly implied that crypto could be a solution to Britons’ financial pressures, including the cost-of-living crisis and challenges in home ownership. Coinbase said the ads were a critical reflection of economic conditions rather than a promise of simple fixes.