CEO of Coinbase, Brian Armstrong, criticized the UK's decision to ban the company's advertising on television. He highlights important questions about the current state of cryptocurrencies in the country.
Ad Ban and its Implications
Brian Armstrong intensified the situation by stating that the ban on Coinbase advertising in the UK sparked strong reactions and indicated that the ban touched a sensitive topic. He noted that such measures negatively impact the perception of cryptocurrencies.
Outdated Views on Cryptocurrencies
Armstrong criticized UK regulators for continuing to view cryptocurrencies as a form of gambling. He believes this perspective is outdated and does not reflect the current reality. According to him, the main message of the banned ad was that the traditional financial system is not suitable for many people.
Comparison with the US and Call for Change
Comparing the situation with the United States, Armstrong noted that similar ads are published there, while the UK continues to ignore the potential of cryptocurrencies. He added that the UK's attempts to ban or censor cryptocurrency advertising are only helping to promote greater adoption and strength in the field.
Armstrong's conclusion emphasized the need for a review of cryptocurrency legislation to align with modern realities and societal needs.
