UK Advertising Watchdog Upholds Complaints Against BitMEX Bitcoin Promotion

The U.K. Advertising Standards Authority (ASA) has upheld complaints over a bitcoin ad placed by crypto derivatives exchange BitMEX (HDR Global Trading). The advertising regulator published its decision on Wednesday, saying that it supported the four complaints against the ad that had claimed it “failed to illustrate the risk of the investment,” “exaggerated the return on the investment” and “challenged whether it was misleading.” The ad, placed on Jan. 3, 2019, purportedly to celebrate the tenth anniversary of mining of the first block of bitcoin on the same date in…