TikTok Bans Influencers From Promoting Cryptocurrencies Like Bitcoin, Dogecoin, on Its Platform
The new rules could also hit legitimate financial firms, which will no longer be able to use influencers to push their products By Edited by Gadgets 360 Newsdesk | Updated: 19 July 2021 11:09 IST
Bitcoin, Dogecoin, have been facing headwinds for the last few months
Highlights
This comes soon after the Chinese government s crackdown on crypto
The crypto market has been facing headwinds for a few months now
Chinese-owned video-sharing app TikTok has updated its branded content policy to ban all financial services and products, including influencers from promoting cryptocurrency, share trading, and buy-now-pay-later schemes. The move, the company says, is aimed at stopping the increasing misuse of the wildly popular social media platform to commit frauds, scams, and dishonest behaviour that may infringe upon someone s privacy. But it has come just week
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