Sian Berry, a British politician, has questioned Sadiq Khan, the mayor of London, about crypto advertising that has been appearing on TfL trucks. Berry claimed the advertising depicting the dog currency Floki Inu should have triggered “red flags,” calling them “unethical.” The news comes only days after Tfl permitted three adverts for crypto items to be placed at subway and bus stations. The marketing included posters featuring the crypto coin’s emblem.
“They should have had second thoughts when the advertisement said ‘this is absolutely unregulated, you may lose all of your money.'” Cryptocurrency adverts should not be on the network, in my opinion. “They’re unethical,” Berry said, according to The Guardian.
An unnamed party financed the pro-crypto ad campaign, the details of which are still unclear.
Meanwhile, the crypto culture in the United Kingdom is fast growing.
PayPal’s UK clients were able to trade cryptocurrency earlier this month.
In the recent past, there has been news regarding UK citizens seeking to develop ways to assist bitcoin mining using sustainable energy sources.
According to a new analysis by research company Finder, the number of cryptocurrency users in the UK has increased by 558 percent from the beginning of 2018, when just three percent of the population — 1.5 million people — possessed some.
Crypto frauds are also on the rise in the region as a result of this expansion.
According to a recent analysis by analyst firm Chainalysis, at least $815 million (approximately Rs. 6,135 crores) in crypto was routed to scam schemes in Eastern European nations between July 2020 and June 2021.