UK regulators warn influencers of risks of promoting NFTs and cryptocurrencies

Finfluencers' to be asked to consult checklist before accepting deals for get-rich-quick' schemes

The UK financial and advertising regulators have warned social media influencers of the risks of promoting get-rich-quick schemes" such as cryptocurrencies and non-fungible tokens to their followers.

The Financial Conduct Authority and Advertising Standards Authority have launched a campaign to prevent content creators from marketing investment scams and risky financial products.