British watchdog censures soccer club Arsenal over crypto token ads

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    This latter promotion contained information at the bottom of the page that stated customers were required to buy the cryptocurrency Chiliz if they wanted a fan token and could lose money from their investment.

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    Industry and consumer groups, politicians and regulators have long demanded action against harmful advertising, which lures unsuspecting savers and investors to hand over cash to fraudsters touting fake or cloned deals and products.

    Holly Mackay, of straight-talking investment website BoringMoney, says the flurry of crypto adverts in recent months has been ‘hugely concerning’ and believes the bans send out an important message.

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