UK Advertising Regulator Bans Crypto.com Promotions on Facebook

The UK's advertising regulator has ruled against NFT promotions by Crypto.com and Turtle United for failing to lay out the risks of investing in NFTs and not properly illustrating transaction fees. The decision concerned paid Facebook ads for both Crypto.com and Turtle United from July.

Contesting the ruling, which concerned its NFT marketplace, Crypto.com confirmed the ad is no longer live and argued that the company did not believe the NFTs available on its platform, which included artists’ work and sports collectibles, to be financial in nature.