UK regulators warn influencers of risks of promoting NFTs and cryptocurrencies

‘Finfluencers’ to be asked to consult checklist before accepting deals for ‘get-rich-quick’ schemes

The UK financial and advertising regulators have warned social media influencers of the risks of promoting “get-rich-quick schemes” such as cryptocurrencies and non-fungible tokens to their followers.

The Financial Conduct Authority and Advertising Standards Authority have launched a campaign to prevent content creators from marketing investment scams and risky financial products.

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‘Finfluencers’ to be asked to consult checklist before accepting deals for ‘get-rich-quick’ schemes
The UK financial and advertising regulators have warned social media influencers of the risks of promoting “get-rich-quick schemes” such as cryptocurrencies and non-fungible tokens to their followers.
The Financial Conduct Authority and Advertising Standards Authority have launched a campaign to prevent content creators from marketing investment scams and risky financial products. Continue reading…Technology | The Guardian

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