Floki Inu Ads are Banned in the UK as ‘Irresponsible.’

The advertising “irresponsibly exploited” customers’ worries of missing out and trivialised cryptocurrency investing, according to the ASA.

The Advertising Standards Authority (ASA) in the United Kingdom has prohibited advertisements for a meme-based cryptocurrency named after Elon Musk’s shiba inu puppy, calling them “irresponsible.”

Last year, the Floki Inu coin was sold on London buses and metros with the phrase “Have you seen Doge lately? Obtain Floki.”

The advertising “irresponsibly exploited” customers’ fear of missing out and trivialised bitcoin investing, according to the ad authority.

According to the ASA, Floki Inu implied that consumers who had not purchased dogecoin could invest in a fresh option since it, too, would likely rise in value soon.

The ad, according to Floki Inu, was designed for the “educated client,” and the “ordinary customer” – who was unfamiliar with crypto investing – would be unlikely to respond.

The ASA found, however, that cryptocurrency is a “high-profile and relevant concern,” and that the commercials were targeted at a “broad audience.”

As a result, the advertisements must not display “in the form complained about.”

According to CoinMarketCap, the price of Floki Inu, which was introduced in July 2021, is $0.0000444. On November 4, it reached an all-time high of $0.0003437.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

Leave a Comment

Your email address will not be published. Required fields are marked *

Facebook
Twitter
Telegram

Recent Posts

Follow Us