• Home
  • Top News
  • World
  • Economy
  • science
  • Technology
  • sport
  • entertainment
  • Contact Form
Monday, June 27, 2022
  • Login
No Result
View All Result
NEWSLETTER
BOB FM
No Result
View All Result
BOB FM
No Result
View All Result
Home Top News

Kim Kardashian promotes cryptocurrency and enters UK shortcut Pop & Art

by Lovell Massy
September 7, 2021
in Top News
0
Kim Kardashian promotes cryptocurrency and enters UK shortcut Pop & Art
0
SHARES
19
VIEWS
Share on FacebookShare on Twitter

American businessman and socialist Kim Kardashian has been criticized on Instagram for promoting cryptocurrency.

The criticism came from the chairman of the Financial Conduct Commission (FDA), the UK’s financial regulator.

In advertising for Ethereum Max, Kardashian “told his 250 million followers to guess a cryptocurrency,” said Charles Randall.

Cryptocurrency is more than just a digital currency

Randall called the coin “a speculative digital token created by unpredictable developers.”

He also accused digital influencers of having “quick wealth illusions”.

Randall spoke about the case during the Cambridge International Symposium on Financial Crimes.

He pointed out that FCA President Kardashian’s Instagram post was properly flagged as an advertisement, which may be “the largest publicly accessible financial advertisement in history”.

The token advertised as Ethereum Max should not be confused with Ethereum Cryptocurrency.

“I can’t say if this is a particular token [Ethereum Max] This is a scam, “said Randall.

“Social media influencers will help reject new tokens because they are usually paid by fraudsters. Some influencers promote non-existent currencies,” he said.

Bitcoin: Find out what the most popular cryptocurrency is and how it works

Bitcoin: Find out what the most popular cryptocurrency is and how it works

The BBC approached Ethereum Max and Kim Kardashian for comment, but received no response.

Randall said about 2.3 million Britons currently own cryptocurrencies, and 14% of them borrow, thus “increasing financial loss”.

The FCA has repeatedly warned the UK of the dangers of possessing “speculative tokens” that are not regulated by the FCA or covered by any compensation scheme.

See also  Corona virus: Belgium bans vaccination with estrogen from people under the age of 56

“If you buy them, you have to be prepared to lose your money,” he said.

Randall said there is still room to advise consumers that their investments are not protected from “the relentless and often deceptive advertising strategies of some cryptocurrencies.”

Lovell Massy

“Total creator. Devoted tv fanatic. Communicator. Evil pop culture buff. Social media advocate.”

Lovell Massy

Lovell Massy

"Total creator. Devoted tv fanatic. Communicator. Evil pop culture buff. Social media advocate."

Next Post
Six Palestinians escape from a maximum security prison after digging a tunnel

Six Palestinians escape from a maximum security prison after digging a tunnel

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Navigate

  • Home
  • Top News
  • World
  • Economy
  • science
  • Technology
  • sport
  • entertainment
  • Contact Form

Pages

  • About Us
  • Privacy Policy
  • DMCA
  • Editorial Policy
  • Contact Form
  • About Us
  • Privacy Policy
  • DMCA
  • Editorial Policy
  • Contact Form

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • About Us
  • Contact Form
  • DMCA
  • Editorial Policy
  • Privacy Policy

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In