European Consumer Organization ( BEUC), on misleading crypto ads twitter, Google, YouTube, TikTokAnd Instagram‘I He complained to the European Commission.
In the midst of the bad days of the crypto industry, a new event has come to the fore that connects social media platforms. BEUC, European Commissionand knocked on the door of consumer authorities. BEUC In the complaint, it is stated that global giant companies are preparing the ground for misleading promotions of cryptocurrencies. These companies; Google, YouTube, TikTok, InstagramAnd twitterit happened.
Social Media Platforms Complained About Crypto
European Consumer Organization ( BEUC), global giant companies due to their moves on crypto He complained to the European Commission.If this complaint is evaluated positively, it can turn into regulatory clarifications.
These days, when US regulators are targeting crypto exchanges, social media platforms are also targeted in Europe. Adopting the set of rules on MiCA Europe, now focused on crypto promotions.
BEUC knocked on the door of the European Commission with a complaint that misleading advertisements in the crypto space were widely and easily served. The companies mentioned in this complaint; Google, twitter, Instagram, TikTokAnd YouTubeit happened.
Recently, it is seen that many crypto fraud attempts, especially on Twitter, have appeared in front of investors through advertisements. On the other hand, it is possible to encounter similar images on YouTube’s platform.
Reuters, of BEUCcomplaint about it in EuropeIf deemed valid, companies could face regulatory pressures, he said.
