'Toxic Cocktail': EU Watchdog Calls Out Instagram, TikTok for Enabling Crypto Scams

Leading social media networks have been targeted by the BEUC for allegedly allowing misleading cryptocurrency ads.

• 2023-06-10
• social media BEUC European authorities digital assets TikTok European Union

Social Media Targeted in EU Consumer Group Complaint About Crypto Ads

BEUC wants Instagram, YouTube, TikTok and Twitter to prohibit influencers from promoting crypto

• 2023-06-08
• social media networks European Union BEUC TikTok Monique Goyens consumer organizations consumer protection National regulators YouTube Twitter

Instagram, YouTube, TikTok, Twitter target of EU crypto advertising complaint

Meta Platforms' Instagram, Alphabet's YouTube, TikTok and Twitter could face regulatory action after European consumer group BEUC complained to the European Commission and consumer authorities that the online platforms allegedly facilitate the misleading promotion of crypto assets. U.S. regulators suing crypto platforms Coinbase and Binance, along with last year's collapse of FTX, have sparked concerns over consumer protection related to crypto assets such as bitcoin and ether. The European Un

• 2023-06-08
• European Commission TikTok Twitter YouTube crypto assets BEUC social media platforms European Union misleading advertisements Consumer Protection Cooperation Network Instagram