Foreign media: London Metro cryptocurrency "savings" plan ads removed

According to the UK's "Daily Telegraph", the London Underground cancelled a 5% savings return advertisement after regulators took action. Zeux's billboard declares the company as an alternative for those who "lost interest in the bank" and says that depositors will "get 5% interest." The ad went on to say that the exchange rate is fixed and money can be withdrawn at any time. However, a closer look at the company's website revealed that depositors' money was used to buy a cryptocurrency called stablecoin, which was then transferred to a financial services provider in China, which was not stated anywhere in the advertisement. Zeux is under the supervision of the Financial Market Conduct Authority (FCA) and agreed to withdraw its ads during discussions on January 24. However, within a few weeks after the agreement was signed, these ads still appeared online.