Crypto: Instagram, Twitter, TikTok, YouTube Attacked in EU Advertising Complaint
European consumer group B EU C has lodged a complaint with the European Commission and consumer authorities. The group has contended that online social media platforms like Instagram, YouTube, TikTok, and Twitter are fostering the misleading promotion of crypto assets. In effect, these platforms could face regulatory action. Instagram, YouTube, TikTok and Twitter could face regulatory action after European consumer group BEUC complained to the European Commission and consumer authorities that the online platforms allegedly facilitate the misleading promotion of crypto assets https://t.co/MAoD5cXbSu pic.twitter.com/nPcH2GqVRs — Reuters (@Reuters) June 8, 2023 Also Read: Crypto: U.S. CFTC Looking to Change Risk Rules According to the BEUC, portraying misleading advertisements of crypto assets on social media apps is an unfair commercial practice. More so, because this exposes consumers to several risks, including the loss of funds. The group prompted the Consumer Protec...