The South African Advertising Regulatory Board (ARB) has updated its Code of Advertising Practice to include a new clause dealing with how cryptocurrency products are promoted.
Here is a sample of the new clause…
- 17.1 Advertisements must expressly and clearly state that investing in crypto assets may result in the loss of capital as the value is variable and can go up as well as down.
- The wording should be, or should communicate the same, as the following example:
- Investing in crypto assets may result in the loss of capital.
- The wording should be, or should communicate the same, as the following example:
To read the full clause and find out more about this update, read, ‘New rules for crypto ads in South Africa – including warnings that you could lose your money‘.
