Britain to crack down on ‘misleading’ cryptocurrency adverts

Published by
Reuters UK

By Huw Jones LONDON (Reuters) -Britain is to crack down on “misleading” advertisements for crypto assets which could harm consumers, the finance ministry said on Monday. Advertising of cryptocurrencies, such as bitcoin, has surged particularly in London, prompting concerns about its impact. The finance ministry said around 2.3 million people in Britain now own a cryptoasset, but research suggests that understanding of what crypto actually is declining, suggesting that some users may not fully understand what they are buying, the ministry said. “Cryptoassets can provide exciting new opportuniti…

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