Cryptocurrency

Cryptocurrency

AFL partner Crypto.com accused of ‘misleading’ advertising practices in UK | Cryptocurrencies

The AFL’s crypto exchange partner, Crypto.com, has breached UK advertising standards on multiple occasions and been accused of “misleading” and “irresponsible” behaviour.The UK Advertising Standards Authority (Asa) rulings may invite further scrutiny of Crypto.com promotions in Australia.A five-year partnership between the AFL and the Singapore-based exchange was announced in January 2022. Since then, Crypto.com has been promoted around AFL stadiums.In December, Asa ruled that a local Crypto.com advertisement “failed to illustrate the risk of investing in non-fungible tokens (NFTs)”. It also found the advert did not make it clear that...
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