Italy’s CONSOB puts ‘finfluencers’ on notice amid ESMA’s crypto risk warnings
Italy's financial regulator, CONSOB, has issued a warning to "finfluencers"—social media influencers promoting financial products—amid heightened concerns over cryptocurrency risks highlighted by the European Securities and Markets Authority (ESMA). The regulator emphasizes that these influencers must comply with existing financial regulations and disclose any potential conflicts of interest. This move comes as ESMA has raised alarms about the volatility and risks associated with cryptocurrencies, urging investors to exercise caution. CONSOB's actions aim to protect consumers from misleading information and ensure transparency in the promotion of financial products.
Read the full article: Coin Telegraph