The sensuality and eroticism fueled by emotionFinancial Conduct Authority (FCA) — the UK's financial services regulator — put out a statement this week warning influencers and firms alike that crypto memes used in an ad need to be lawful. In other words, a "finfluencer" isn't legally allowed to mislead people about crypto in an ad.
If a firm uses an influencer to get out their message — whether that's using memes, short-form video, or gaming streams — then the influencer has to follow regulations. A person working for a firm understandably doesn't have the same freedom of expression as someone giving their own, non-compensated-foropinion.
"Any marketing for financial products must be fair, clear and not misleading so consumers can invest, save or borrow with confidence," Lucy Castledine, director of consumer investments at the FCA, said in a statement. "Promotions aren’t just about the likes, they’re about the law. We will take action against those touting financial products illegally."
Any company advertising a financial product is responsible for how an influencer does that marketing. It's also up to the firm and influencer to check with the FCA that the advertisement, even something like a meme on Reddit, is allowed.
"Firms are on the hook for all their promotions and the FCA has warned they need to ensure influencers they work with communicate to their followers in the right way," the regulator's release read. "And influencers are reminded that promoting a financial product without approval from an FCA-authorised person with the right permission could be a criminal offence."
It's not like this is an uncommon problem the FCA is tackling. Crypto is a major topic of discussion online and scams are incredibly common. So many people are trying to hype their preferred crypto or other financial service, sometimes at the cost of telling the whole truth. The FCA noted it removed 10,000 misleading financial advertisements in 2023 alone.
Topics Cryptocurrency Memes
Internet for All
If 'Westworld' used famous robots from pop culture
Former NFL star Andre Johnson treats needy kids to a $20K Christmas shopping spree
These robotic utensils are changing the lives of people with disabilities
Getting Started with Gmail Keyboard Shortcuts
Droning teacher from 'Ferris Bueller's Day Off' will read you to sleep
If you're not tweeting about 'Hairspray Live' did you even watch it?
Professor perfectly illustrates the difference in American and British academics
Trump who? Tech giants join massive effort to uphold Paris Agreement
Lawyer for Julian Assange's accuser says he's 'violating' her in the media
Best free gift card deal: Get $10 Best Buy gift card with $100 Apple gift card
If you're not tweeting about 'Hairspray Live' did you even watch it?
Droning teacher from 'Ferris Bueller's Day Off' will read you to sleep
The Bluetooth SIG has announced its adoption of Bluetooth 5 standards
Trump who? Tech giants join massive effort to uphold Paris Agreement
Jerks stole photos from Maisie Williams' private Facebook account
Jerks stole photos from Maisie Williams' private Facebook account
You can now use multiple phone numbers on a single phone through T
New 'browser syncjacking' cyberattack lets hackers take over your computer via Chrome
People with disabilities want better tech and they know how to build it
This art installation is made out of debris collected from the oceanHands on with the Google Home HubMAKERphone lets you build your own mobile phone for $89Gus Fring is the worst character on 'Better Call Saul'MAKERphone lets you build your own mobile phone for $8937 snacks that will take you back to the '90sWatch Hurricane Michael roll in from these live beach camsAsus's insane gaming phone to launch on Oct. 18 for $899Waymo hits 10 million selfWhy you should care that Donald Trump wanted to kick a baby out of his rallyPlayStation Network will finally let you change your old screen nameWe FINALLY get to see Jake Paul in part 5 of Shane Dawson's seriesWatch Hurricane Michael roll in from these live beach camsAriana Grande goes to great lengths to wear her high ponytail with a hatTaylor Swift urges people to vote after sweeping up the American Music Awards'Doctor Who' fans all had the same reaction to Jodie Whittaker's first episodeTaylor Swift urges people to vote after sweeping up the American Music AwardsDonald Trump once warned of a madman obtaining nukes. Now many fear he is that madman.I ditched my iPhone 6S for a Pixel 2, but I don't want a Pixel 3Twitter reacts to 'racist' political cartoon in Australian newspaper Zoom Escaper makes it easy to sabotage that unbearable Zoom meeting It's probably not aliens: 'Oumuamua theory suggests simpler origins Is Apple planning a spring event to introduce new iPads and AirPods? Samsung unveils new lineup of mid BBC weather presenter can't stop giggling after massive live blooper Here's why Kit Harington avoids taking selfies with his fans Lady Gaga's latest wax figure is straight out of a nightmare Tinder, Happn can be hacked to pinpoint your location Donald Trump gets absolutely scorched by Republican senator Jeff Flake A complete ranking of all 8 'Leprechaun' horror movies Blood liner is the latest makeup trend to try if you're obsessed with Halloween OnePlus just revealed the 9 Pro early and Apple might be the reason NASA's completed Artemis 1 rocket test could be a greenlight to the moon FODA (Fear of Dating Again) is a thing now Crypto wallet MetaMask now lets you swap tokens on your phone Weather experts warn of brutal storms, tornado outbreaks in the South Trump's behavior is so awful he wouldn't even qualify for actual adult day care Behold the BMW i4, an electric sedan with a 300 Ryan Reynolds' birthday tweet is absolutely classic Ryan Reynolds "The Falcon and the Winter Soldier" raises questions about Avenger pay
3.2365s , 10171.0859375 kb
Copyright © 2025 Powered by 【sensuality and eroticism fueled by emotion】,Evergreen Information Network