{"id":396652,"date":"2022-01-20T16:35:00","date_gmt":"2022-01-20T13:35:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ad-restrictions-wont-impact-crypto-demand-binance-ceo-says\/"},"modified":"2022-01-20T16:35:00","modified_gmt":"2022-01-20T13:35:00","slug":"ad-restrictions-wont-impact-crypto-demand-binance-ceo-says","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ad-restrictions-wont-impact-crypto-demand-binance-ceo-says\/","title":{"rendered":"# Ad restrictions won\u2019t impact crypto demand, Binance CEO says"},"content":{"rendered":"<p>&#8220;<strong># Ad restrictions won\u2019t impact crypto demand, Binance CEO says  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvZWZmNzJiMDEtOTU5NC00ZWIxLTg2YzUtZTU1ZWUwY2Q2ZTY2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Binance CEO Changpeng Zhao, also known as \u201cCZ,\u201d claimed that the growing restrictions on crypto advertisement won\u2019t impact the demand.<\/p>\n<p>During his interview with CNBC, CZ stressed that physical crypto advertisements and crypto ads, in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>, have not had much impact on user growth, and it has only become common over the past few years. He said that the majority of crypto adoption comes from \u201cword of mouth\u201d marketing.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Clampdown on crypto advertising is unlikely to have much of an effect on demand, says <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@binance<\/a> CEO Changpeng Zhao <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/K5EtuWyxGz\">pic.twitter.com\/K5EtuWyxGz<\/a><\/p>\n<p>\u2014 CNBC International (@CNBCi) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CNBCi\/status\/1484068175020916736?ref_src=twsrc%5Etfw\">January 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nHe also added that primary advertising services such as Google and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> had not allowed crypto ads for the longest time. Thus, it\u2019s clear advertisement doesn\u2019t play a significant role in crypto adoption or demand. He went on to add that the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of regulatory clampdowns on crypto ads only shows the growing demand. CZ said:<\/p>\n<blockquote><p>\u201cClampdown on crypto advertising is unlikely to have much of an effect on demand, as most of the crypto users come from word-of-mouth promotions anyway.\u201d<\/p><\/blockquote>\n<p>The CEO\u2019s comments come amid the growing restrictions and slew of actions taken by various countries over the past few weeks. Singapore recently issued new guidelines for crypto companies,\u00a0prohibiting crypto advertising in public spaces. The Monetary Authority of Singapore also barred crypto service providers from opening crypto ATMs. Following this ruling, several crypto ATMs in the country have shut down.<\/p>\n<p>United Kingdom advertisement watchdog Advertising Standards Authority also continued its crackdown on misleading crypto advertisements as it banned two ads from popular crypto trading platform\u00a0Crypto.com. The Spanish government, on the other hand, is also looking to bring new regulations for crypto advertisements.<\/p>\n<p><strong><em>Related:<\/em><\/strong> <strong><em>UK advertiser ASA continues crypto ad banning spree<\/em><\/strong><\/p>\n<p>Regulators have shared their concern over the misleading content of crypto advertisements, where most crypto firms are accused of highlighting big returns while downplaying the risks associated with crypto investments. Another major obstacle is the lack of clarity over the crypto regulations in the majority of the countries, which makes crypto advertisements an even bigger headache for regulators.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ad-restrictions-won-t-impact-crypto-demand-binance-ceo-says\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ad restrictions won\u2019t impact crypto demand, Binance CEO says &#8221; Binance CEO Changpeng Zhao, also known as \u201cCZ,\u201d claimed that the growing restrictions on crypto advertisement won\u2019t impact the demand. During his interview with CNBC, CZ stressed that physical crypto advertisements and crypto ads, in general, have not had much impact on user growth,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":396653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvZWZmNzJiMDEtOTU5NC00ZWIxLTg2YzUtZTU1ZWUwY2Q2ZTY2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74858,74863,74355,70934],"class_list":["post-396652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-bitcoin-regulation","tag-cryptocurrencies","tag-adoption","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/396652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=396652"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/396652\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/396653"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=396652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=396652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=396652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}