British MP Sian Berry has questioned London Mayor Sadiq Khan about crypto ads displayed on Transport for London (TfL) vehicles. Calling them “immoral”, Berry said that these ads featuring the dog coin floki inu should have raised “red flags”. The development comes just days after three ads for crypto products were approved to appear at metro and bus stations under TfL. Posters depicting the logo of the crypto coin were part of the campaign.
“Where the ad says ‘this is completely unregulated, you can lose all your money’, they should have had second thoughts. I don’t think cryptocurrency ads should be on the network. They are unethical,” The Guardian Cited Berry is saying.
The pro-crypto advertising campaign was funded by an unknown group, the details of which are still unknown.
The development has elicited mixed public reactions. Twitter
transport to london @ tfl Said it would ensure #crypto Ads comply with its policies from now on. “Missed Doge? Get Floki” posters appeared in the city’s travel system, touting the erratic meme #cryptocoin, https://t.co/bZ9jPTGCwp pic.twitter.com/7Z1eb567Zh
– Share_Talk™ (@Share_Talk) November 16, 2021
Good work @Cianberry, TfL was running ads for some apparently problematic coins, many of which use the fact that they are advertising on the Tube network as proof of their reputation.https://t.co/Zh8DyHU4Gl
— Martin Caladine (@uglygame) November 16, 2021
— Your #1 source for absurdly true crime ???????? , (@davidgerard) November 16, 2021
Meanwhile, crypto culture is expanding rapidly in the UK.
News about UK citizens trying to find ways to support cryptocurrency mining Renewable energy Sources have also made headlines in recent times.
The number of cryptocurrency users in the UK has grown by 558 percent since the beginning of 2018, when just three percent of the population – 1.5 million people – owned something, most recently. report good Research firm Finder had claimed.
Along with this growth, crypto scams are also on the rise in the region. ,
Analyst Firm Chainalysis Recently report good revealed that between July 2020 and June 2021 at least $815 million (approximately Rs 6,135 crore) in crypto was sent from Eastern European countries to scam projects.