The Ministry of Guidance has taken action against unauthorized activities; advertising for cryptocurrencies is now prohibited! The Director General of Advertising and Information of the Ministry of Culture and Islamic Guidance announced that advertising related to cryptocurrencies in all domestic media, including print, digital, and virtual spaces, is forbidden. This decision aims to protect investors from potential risks and heavy financial losses due to the volatile nature of the cryptocurrency market. The ban, based on the Central Bank directive, is enforced to safeguard people’s rights and prevent speculative activities. Legal actions such as fines, activity suspension, and referral to judicial authorities will be taken against violators. The public is warned about the dangers of investing in cryptocurrencies without sufficient knowledge, as these activities lack legal backing and can result in irreparable losses.
