Crypto ads on London Underground under

Ads placed on London public transport for the Floki Inu cryptocurrency are being investigated by the Advertising Standards Authority (ASA).

Ads for Floki Inu, named after Tesla boss Elon Musk’s dog, appeared on subway trains and buses. The ASA, the UK’s advertising watchdog, says it is “reviewing a wide range of advertisements in this sector” and assessing whether they violate the rules. Floki Inu said the ads were “legally authorized.” These announcements also include a clear disclaimer highlighting the volatility of cryptocurrencies,” the firm told the BBC.

The Floki Inu ads, which appeared throughout the capital, sought to attract investors with the slogan “Missed Doge? Get Floki”, following the growth of the Dogecoin cryptocurrency. Ads placed on London public transport for the Floki Inu cryptocurrency are being investigated by the Advertising Standards Authority (ASA). Ads for Floki Inu, named after Tesla boss Elon Musk’s dog, appeared on subway trains and buses.

The ASA, the UK’s advertising watchdog, says it is “reviewing a wide range of advertisements in this sector” and assessing whether they violate the rules. Floki Inu said the ads were “legally authorized.” These announcements also include a clear disclaimer highlighting the volatility of cryptocurrencies,” the firm told the BBC. Get Floki”, following the growth of the Dogecoin cryptocurrency.

The Floki Inu ads, which appeared throughout the capital, sought to attract investors with the slogan “Missed Doge Dogecoin started out as a satirical joke based on the Shiba Inu dog from the Doge meme, but now it has a total theoretical value measured in billions of dollars. Part of the concern about Floki Inu was that little was known about who was behind the project, and there are limited details on his website.

Floki Inu told the BBC in an email: “Our decision not to highlight team members on our website is intentional – to make it clear that Floki is the people’s cryptocurrency and a movement focused on them. He said that his “legal entity” was based in Georgia, and that he had shared this fact with “strategic partners” during “know your client” verifications.

The email stated that the lead developer of the project was Jackie Xu, based in the Netherlands, adding: “The Floki team is not completely anonymous as intended, but some of our team members chose to temporarily remain anonymous. because they don’t want distractions, and for security reasons. The Floki Inu ads are controversial.

 

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