UK Advertising Authority Bans Coinbase Ads, Citing Understatement of Cryptocurrency Risks

According to a report by The Guardian on the 28th, the UK Advertising Standards Authority (ASA) has banned a series of advertisements by the US cryptocurrency exchange Coinbase, deeming them 'irresponsible' for downplaying investment risks. The controversy centers around a satirical musical-style video advertisement and three poster ads. The ASA pointed out that 'treating serious economic issues with humor and promoting 'change' presents a risk of portraying complex and high-risk financial products as simple and clear solutions to such concerns.' The two-minute video depicts people singing 'everything is fine, everything is wonderful' in a crumbling house, amidst overflowing trash bags and rats...