even more stringent measures. The city-state will only allow crypto companies to advertise their products on their own platforms while completely barring influencers from promoting any crypto asset on social media.While restricting or banning celebrities and social media influencers from pushing crypto might be commendable, another question remains unanswered.
We must consider the power of such individuals as far as influencing what we buy or sell is concerned. Regulators cannot treat the likes of Musk and CZ like ordinary people. Their words hold too much weight, especially for an industry as volatile as crypto. This might come off as controversial, but there might be a case for the likes of Musk and CZ to have their activities regulated too. After all, their voices have a significant influence in the crypto space. A whimsical social media post from someone in their rarified position can create significant upheaval in the crypto market.
Of course, the upside of celebrity influencers endorsing crypto is the inevitable buzz they create and the vast network of influence they command. Kardashian, for example, has more than 250 million followers on Instagram. Additionally, these followers are usually hard-wired to trust the opinions of celebrities, however uneducated they might sound.But, celebrities are also prisoners of the court of public opinion. Any PR gaffe on their part could easily crash and burn a crypto project.
Crypto winter has wrought untold havoc on investments, and it’s been exacerbated by the careless actions of some major players in the industry. The fall of companies such as FTX, Voyager, 3AC, Terra, Celsius and BlockFi only strengthen calls for the regulation of crypto.
Christiano Ronaldo flash in my mind
Mainstream media are influencers should they be sued for harm too? This includes big names that shit talk crypto, their investments, or investors? Governments too? Or is one exempt and not the other and why? Slander I guess is a crime.
🙄
Yes ....fake influencers
NEW!!! Best new event!!!
Is there anything like this?
I can't believe this until I tried it!!!!
ASAP!!!!!!
'if'? really? we know it is a problem!
Wowww.. It make another chain effect. This is new chaper for influencer.
Nice , lats start with Bitboy_Crypto
Curious if anyone's tried this...
Best thing I've seen so far..
this video is really helping during this dip, i love web3 now!?....
MartaVerse cryptodropgg
Now deal with it
Bitboy_Crypto huge problem