The Advertising Standards Authority (ASA), an organization that oversees ads in the UK, is cracking down on non-compliant crypto advertising.

Earlier this year, Arsenal became one of the few football clubs to partner with blockchain company Chiliz and launch an exciting brand. On August 12 this year, the club announced the AFC fan token on its official Facebook page, which was banned by the ASA for allegedly violating advertising rules. The agency said the post did not disclose the risk associated with hiring.

In another incident, according to a BBC report, surveillance is said to be the subject of events on Arsenal’s official website – specifically a page titled “$AFC Fan Token: Everything You Need to Know” that was released today 6 August 2021. ” – violation of advertising laws.

In terms of advertising, it is both unimportant and takes advantage of the lack of customer experience while valuing crypto investments. The BBC added that an official from Arsenal Football Club said, “We take our responsibilities towards our fans,” and that they reviewed all communications about offers made with fans and provided information on financial matters. money.

The ASA’s recent regulatory directives add to a series of similar decisions taken earlier this year as the organization monitors and shuts down broadcasters. Cryptocurrency scam The independent cryptocurrency regulator recently removed a number of cryptocurrency-related cryptocurrencies for several major commercial players, including Coinbase and Kraken. He noted that advertisers “take advantage of the lack of customer experience and the inability to reflect employment risk.”

In May, ASA removed Luno’s ad campaign, with an image of Bitcoin (BTC) used on the pages saying, “If you’re looking at bitcoin on land, it’s time to buy it.”

Arsenal is one of the best football clubs that works with blockbusters to build an exciting brand. West Ham United, a London-based football club competing in the English Premier League, teamed up with blockchain to launch a natural-looking club in 2019.

Bundesliga giants FC Bayern Munich are no strangers to working with blockbusters, as they teamed up with Stryking Entertainment last fall to form their number one player.

Source: CoinTelegraph