The kissing eroticismFinancial 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
Everything Alienware announced at CES 2025
Cavalier vs. Inter Miami 2025 livestream: Watch Concacaf Champions Cup for free
NYT Strands hints, answers for March 15
NYT Strands hints, answers for March 13
The 12 Best Games on the iPhone
Dozens of lawsuits against Trump chronicled in handy online tracker
Best air purifier deal: Save $30 on the new Shark NeverChange Compact Pro air purifier
Is the ick just a lack of attraction?
Apple is advertising on Elon Musk's X again
NYT Connections hints and answers for March 14: Tips to solve 'Connections' #642.
Amazon Prime members gets 10% off Grubhub orders through Feb. 17
'Severance' Season 2, episode 9: Why does Jame Eagan say Helly 'tricked' him?
'Andor' showrunner Tony Gilroy says Disney was right to censor him
Best air purifier deal: Save $30 on the new Shark NeverChange Compact Pro air purifier
Collins vs. Jabeur 2025 livestream: Watch Adelaide International for free
Asus Rog Zephyrus deal: get $600 off this gaming laptop at Best Buy
NYT Connections Sports Edition hints and answers for March 16: Tips to solve Connections #174
Blink viedo doorbell deal: 45% off at Amazon
Best pizza oven deal: Save $150 on Chefman Indoor Pizza Oven
Whistleblower book Meta blocked from promotion is now an Amazon best seller
Dallas bookstore is selling the world on classic novels with clickbait headlinesAppleTV's 'Little America' is full of mustGrindr wants you to know it's not just a hookup app, launches online magazineThe 10 most anticipated Netflix originals streaming in early 2020Etsy shops filling the Baby Yoda toy void hit with takedown noticesDeepfake technology is evolving, but can the internet keep up?Photos show staggering snow pileSenators bring Apple Watches to Trump's impeachment hearing, breaking no electronics ruleThe way college kids are using Tinder may surprise youToday, in Bad News for Uber: Denmark kicks Uber to the curbThe 10 most anticipated Netflix originals streaming in early 2020The tricky art of marketing women's empowerment in the era of TrumpDrive me to the moon in one of these lunar carsWatching 'Little Women': We were four sisters. Now we are three.A tweet about cutting books in half to save space is destroying book Twitter'Parasite' makes history with major award win, standing ovation from half of HollywoodFacebook just lost a court fight to cover up possible privacy abusesEverything coming to Amazon Prime Video in February 2020Apple reportedly backed off encrypting iCloud data after pressure from the FBIA British grocery chain is taunting the Beyhive about Ivy Park Twitter losing ad revenue during World Cup Google on desktop now has Continuous Scroll Woody Harrelson and his deep love of tennis go viral at Wimbledon The thirstiest moments of 2019 (so far) Lensa AI app: What to know about the self portrait generator Meghan and Harry share adorable photos from baby Archie's christening Sex ed is not mandatory in Bulgaria so these activists made an illustrated guide for girls Wordle today: Here's the answer, hints for December 6 Yes, the nodding meme guy is Robert Redford not Zach Galifianakis Apple works to resolve iCloud issues after outages reported The Times front page just *happened* to pair Trump story with a cockatoo photo Donald Trump hit a new low with racist tweets and everyone noticed Serbia vs Switzerland livestream: How to watch World Cup Group G live Wordle today: Here's the answer, hints for December 3 New York City blackouts always bring the wildest photos The best tweets of 2019 (so far) Twitter's Community Notes promoted Kanye West's antisemitic interview with Alex Jones Alexandria Ocasio Megan Rapinoe gives champion YouTuber dunks on Delta Airlines after they respond to his prank tweet
1.1096s , 8264.1328125 kb
Copyright © 2025 Powered by 【kissing eroticism】,Miracle Information Network