Crypto Advertisements in Public Facilities Get Brave, London Assembly Takes Strict Action


Suara.com – The former England and Wales Green Party politician who is also in the current London Assembly, apparently doesn’t really like advertising crypto on public transport.

Through his Twitter account, the man named Berry said he would recommend the Mayor of London, Sadiq Khan to ban all crypto advertising on the city’s transport network, including many rail and bus services.

This became even louder after the Floki Inu token project announced that it would increasingly advertise on various London public transport systems.

“Where ads say this is completely unregulated, you might lose all your money, they should think twice,” Berry said in an interview with the Guardian.

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“I don’t think cryptocurrency ads should be on (transport) networks,” he continued.

London has been getting busier with crypto ads lately. This was further strengthened after Richard Heart’s HEX token project targeted advertisements in various newspapers, public transportation, and sporting events.

Even though the world is currently in the midst of a crypto ‘fever’, Berry seems increasingly concerned about the massive advertising of crypto projects causing large numbers of Londoners to buy tokens and few investors profit by selling their holdings when prices rise.

In May, the UK Advertising Standards Authority blocked Luno’s crypto marketplace campaign by claiming the company’s statement and offering to make it easy to invest in Bitcoin (BTC).

“I wanted to clean up ads in various ways, including removing ads for cars and airlines,” said Berry.

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“Risk financial products, such as gambling, are part of that policy. I don’t want to ban cryptocurrencies outright and don’t have the power to do so.”


Source: Suara.com – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by www.suara.com.

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