Monetary watchdog cracks down on ‘finfluencers’ and TikTok cash adverts

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Monetary watchdog cracks down on ‘finfluencers’ and TikTok cash adverts


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he UK’s monetary watchdog is clamping down on social media “finfluencers” and adverts like crypto “memes” on platforms resembling Instagram or TikTok which could possibly be harming customers.

Usually unauthorised influencers selling monetary services have little information about what they’re selling, the Monetary Conduct Authority (FCA) mentioned.


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