Today news
About the same in other media
WazirX, Bitbns hit pause on crypto ads
Reading now: 343
economictimes.indiatimes.comWazirX and Bitbns have decided to abstain from putting out advertisements, amid discussions of a possible regulatory clampdown of the cryptocurrency sector. To avoid luring users who do not have an understanding of virtual currencies, WazirX has been keeping away from print and television advertisements, founder Nischal Shetty told ET. The exchange, one of the largest in India for crypto trading, will also not enter into any sponsorship deals for now. Bitbns has suspended the advertisement that claimed that its Bitcoin fixed deposit yielded a four-time higher return than bank deposits. According to people in the know, it paused the ad due to pressure from crypto industry stakeholders.
Presented ByDid you Know?
Indians' investments in crypto
Read more on economictimes.indiatimes.comAbout this in other media
Nandan Nilekani: Crypto can bring about financial inclusion moneycontrol.com /2 years ago
Lens on misleading ads promoting cryptos: FM Nirmala Sitharaman economictimes.indiatimes.com /2 years ago
RBI-backed CBDC likely to feature in crypto bill: official economictimes.indiatimes.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
