Bitcoin Climbs 1% as UK Treasury Probes Cryptocurrency Advertising

Bitcoin price increased by 1.36% today (January 19) and moved at $42,398.62.

Bitcoin’s morning positive moves come on the heels of Monday’s announcement by the U.K. Treasury that it will continue to investigate ads about crypto assets. They are often aimed at small consumers who do not fully understand the risks of this asset class.

The announcement states that the rapid rise in the price of cryptocurrencies has also led to more and more advertisements about this asset class. In particular, in the London area, the Bank of England (BOE) warned investors about the risk of losing all their investments.

Around 2.3 million UK citizens currently own crypto assets. However, research data suggests that the understanding of the crypto community is lower, meaning that some users may not have a full understanding of the assets they have acquired.

The UK Treasury stated that ads about crypto-assets are subject to current financial advertising laws. This means that ads of this type must comply with the regulations of the UK Financial Conduct Authority (FCA), just like stock and insurance ads.

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Wednesday, January 19, 2022

Crypto
Updated at
USD
Price

Change

%Change
11.00 BTC41,752.60-84.42-0.20
11.00 ETH3,105.46-57.95-1.83
11.00 LTC136.95-4.57-3.23
11.00 BNB463.42-3.64-0.78
11.00 XRP0.740.00-0.47
11.00 ADA1.45-0.05-3.39
11.00 DOT24.61-0.25-1.01
11.00DOGE0.170.00+0.85
11.00 UNI15.79-1.46-8.46
11.00 LINK22.34-0.85-3.67

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