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WazirX, Bitbns to stay away from ads amid growing clamour for crypto regulation: Reports
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Amid news of a regulatory clampdown, cryptocurrency exchanges WazirX and Bitbns plan to stay away from marketing through advertisements for now, reports said.WazirX will stay away from sponsorship deals and print and television advertisements for now to avoid enticing investors who do not have a clear understanding of virtual currencies, founder Nischal Shetty told Economic Times.“WazirX currently does not indulge in any TV or print advertisement.
With our marketing initiatives, our goal has always been to focus on responsible marketing and spreading education among the masses about crypto,” Shetty said.Bitbns has paused the ad that claimed that its Bitcoin fixed deposit got the investor a return that is four-time more than bank
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