Coinbase adverts banned in UK for suggesting crypto could ease cost of living crisis

Coinbase adverts banned in UK for suggesting crypto could ease cost of living crisis

Advertising Standards Authority says firm advised by George Osborne ‘trivialised risks of cryptocurrency’

A cryptocurrency company advised by George Osborne has been banned from showing a set of adverts that suggested using its services could be a solution to the cost of living crisis.

Coinbase, which appointed the former Conservative chancellor to chair its global advisory council last year, has been told by the UK’s advertising watchdog that its adverts were “irresponsible” and “trivialised the risks of cryptocurrency”.

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