Tag: BEUC

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European Consumer Organization Calls for Curbing Crypto Promotion on Twitter, Tiktok

June 11, 2023

BEUC, the European Consumer Organization, has urged Brussels to clamp down on the promotion of crypto assets on social media. The umbrella group calls for implementing stricter advertising rules on major platforms like Twitter and Tiktok as well as preventing influencers from misleading investors. BEUC Complains About Promotion of Risky Crypto to European Consumers on…
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EU Consumer Watchdog Slams Instagram, TikTok for Enabling Crypto Scams

June 10, 2023

The European Consumer Organization (BEUC) has released a report accusing leading social media platforms including Instagram, TikTok, Twitter, and YouTube of enabling scams related to digital assets.  In a 20-page report, the watchdog categorized digital assets as highly risky and prone to scams, highlighting the impact cryptocurrencies have on consumers as well as the role of…
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