The Advertising Standards Authority (ASA) in the UK has complained that BitMEX, the famous cryptocurrency exchange, has been misleading. BitMEX’s complaint-causing action is known as advertising a Bitcoin to a newspaper.
The regulator in charge of the ads stressed that he received a total of four complaints that the relevant ad was misleading and began to evaluate them. The misleading part of the ad is that the promise of earnings is an incredible exaggeration. Two of the complaints in addition to the risk of crypto money investments in the ads stated that the information.
The ad, which was published on 3 January 2019, was mainly published in the Times newspaper and shared Bitcoin’s 10-year price graph. Reklam Thank you, Satoshi, we owe you ”and Bitcoin’s 10th birthday was celebrated. At the bottom of the ad is a full-page article written by Arthur Hayes, CEO of the cryptocurrency exchange, where information is provided on the crypto-currency industry.
In a counter-statement, BitMEX stressed that the ad is only for educating investors and does not contain any promises of earnings. Complaints and how the outcome of the case became a matter of curiosity. In addition, BitMEX is also in danger of being investigated by the CFTC within the United States.