Coinbase's advertisement is not banned, still appearing on the YouTube channel of British television

Coinbase's CEO, Brian Armstrong, stated that the exchange's "Everything Is Fine" advertisement was banned by British television channels. However, in reality, this advertisement was only not approved for broadcast on television and is still running on the YouTube channels of major broadcaster Channel 4 due to looser regulations.

Difference between television and online advertising

The advertisement of #coinbase was rejected by the British television censorship organization, Clearcast, due to a lack of evidence for the claim that cryptocurrency could solve economic issues, as well as insufficient warnings about risks and volatility. However, Clearcast does not have the authority to completely ban an advertisement, and the official regulatory body, Advertising Standards Authority (ASA), has also never banned this advertisement.

Due to much looser online advertising regulations, Coinbase's advertisement can easily appear on YouTube. This has created a legal "loophole" that some politicians are calling for to be addressed.

Impact and attention

The advertisement being broadcast on #YouTube has helped Coinbase attract significant attention. At the same time, this incident highlights the difference between television and online advertising regulations, especially as YouTube is currently the second most-watched service on British television, only after BBC. #anh_ba_cong