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Aussie TikTok influencers spruiking crypto


Be careful where you get your advice.
By Bianca Healey, Business Insider Australia on Jul 29 2021 12:07 PM
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Everyone wants to give you their 2c about cryptocurrency. Photo: Shutterstock
A TikTok family has begun spruiking a new cryptocurrency token across their social accounts, an increasingly popular activity that calls into question the government’s hands-off stance on influencer financial advice.
Atis Paul, alongside his sister Anna and girlfriend Michaela Testa, all successful influencers with followers in the millions across TikTok, Instagram, and OnlyFans, took to their instagram stories in late May to promote a new cryptocurrency, Hushcoin.
Paul’s Instagram bio reads “I like my girlfriend and crypto” and displays a link to CryptoBullRuns, an OnlyFans account where he shares crypto insights despite having no background in finance. ....

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TikTok Bans Crypto And Finance-Related Branded Content


TikTok has officially banned users from promoting financial products and services including cryptocurrency, and has additionally issued a ban on advertisements for cryptocurrency products and exchanges.
In an update to the company’s Branded Content Policy over the weekend, all financial services and products have been added to the banned list.
“All financial services and products are prohibited, including but not limited to lending and management of money assets, loans and credit cards, buy now pay later (BNPL) services, trading platforms, cryptocurrency, foreign exchange, debit and pre-payment cards, forex trading, commemorative coins, pyramid schemes (including non-financial services),investment services, credit repair services, bail bonds, debt assistance programmes, get rich quick schemes, debt consolidation services and penny auctions,” the policy now reads. ....

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