India’s leading cryptocurrencies trading platforms, WazirX and Bitbns have recently stated that they’ll abstain from putting out ads promoting crypto investments. According to Nischal Shetty, Founder, WazirX, the platform has put print and television advertisements to hold as it is enticing users who do not understand virtual currencies. As per credible sources, the platform paused the video due to pressure building from crypto industry stakeholders. Gaurav Dahake, Bitbns chief executive, said that the company had stopped the ad, but the product was still live on the platform. The advertisements on crypto have also been raised as a concern across numerous high-level meetings arranged within the government and industry stakeholders.

Source: Economic Times November 18, 2021 08:51 UTC