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The Guardian - UK
The Guardian - UK
Technology
Tom Knowles

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

Screengrab of Coinbase advert showing men in hi-vis jackets
A screengrab from the banned Coinbase advert that the watchdog said was ‘irresponsible’. Photograph: coinbase/Youtube

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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