E Point Perfect
Crypto

Britain’s Advertising Watchdog Reprimands Arsenal for Irresponsible Crypto Promotion



article image

Alex Dovbnya

Legendary football club Arsenal has been criticized for its “irresponsible” cryptocurrency promotion

Arsenal, a professional football club that is based in North London, has been reprimanded by the Advertising Standards Agency (ASA) over its partnership with digital fan token company Socios, The Evening Standard reports.

The ASA has complained that the club has failed to add any risk warnings that would alert consumers about risks associated with such crypto assets.

The British adverting watchdog slammed the promotional campaign, which took place on social media and Arsenal’s website, as “irresponsible.”   

Apart from Arsenal, Socios has also partnered with Manchester City and other prominent clubs.

As reported by U.Today, the ASA also banned cryptocurrency a controversial ad campaign conducted by Dogecoin offshoot Floki Inu.



Source link

Related posts

Mysterious “Buying” Activity Spotted, Here’s What Happened

Dawn Zuniga

This Cardano “Secret Sauce” Brings It into View of Global Financial Infrastructure: Community

Dawn Zuniga

Prominent Crypto Analyst Has Important Warning About Ethereum

Dawn Zuniga

Bitcoin Might Rally “Nicely” in the Near Term But May Not Reach Old Highs per Tom DeMark Charts

Dawn Zuniga

XRPL’s Most Active Project Announces Maladroids, Fall Guys-like Game with Rewards in XRP

Dawn Zuniga

Exchanges Now Ready for Vasil Upgrade

Dawn Zuniga