Teletubby 130,622 Posted September 6, 2021 Share Posted September 6, 2021 Kim Kardashian has been criticised for promoting an untested cryptocurrency on Instagram, by the head of the UK's Financial Conduct Authority (FCA). The FCA chair, Charles Randell said Ms Kardashian had "asked her 250 million followers to speculate on crypto tokens" by promoting an advert for Ethereum Max. She posted a paid promotion of a cryptocurrency token called Ethereum Max to her Instagram stories, where she asked her 250 million fans: “Are you guys into crypto????”. While the post was marked as an advertisement, Randell said Kardashian did not disclose that Ethereum Max (not to be confused with Ethereum) was created only a month earlier by unknown developers. Randell said: "I can’t say whether this particular token is a scam, but social media influencers are routinely paid by scammers to help them pump and dump new tokens on the back of pure speculation. Some influencers promote coins that turn out simply not to exist at all.” In a speech on the difficulties of regulating crypto, the chair of the UK's Financial Conduct Authority said Kardashian's post was probably the financial promotion with the single biggest audience reach in history. Yet he said it was a prime example of how celebrity influencers can lure investors toward coins that could turn out to be scams. Paris Hilton and DJ Khaled are among the numerous other celebrities to have promoted crypto projects. source source source i ❤️ Link to post Share on other sites More sharing options...
HausOfAntonio 7,901 Posted September 6, 2021 Share Posted September 6, 2021 Its whoever purchases the currency’s job to research on it. Kim’s not anyone’s mom lol. Link to post Share on other sites More sharing options...
robboadam 1,845 Posted September 6, 2021 Share Posted September 6, 2021 2 minutes ago, HausOfAntonio said: Its whoever purchases the currency’s job to research on it. Kim’s not anyone’s mom lol. Link to post Share on other sites More sharing options...
HausOfAntonio 7,901 Posted September 6, 2021 Share Posted September 6, 2021 12 minutes ago, robboadam said: I would tend to agree but not in this case. Purchasing currency is a great responsibility, especially something as volatile as crypto. If you rely solely on a celebrity’s word to invest in it, idk if you should be in the first place. Link to post Share on other sites More sharing options...
Bolkins 4,048 Posted September 6, 2021 Share Posted September 6, 2021 I’d only trust Paris with crypto matters Not the bore worms! Link to post Share on other sites More sharing options...
Glamourpuss 29,062 Posted September 6, 2021 Share Posted September 6, 2021 30 minutes ago, HausOfAntonio said: Its whoever purchases the currency’s job to research on it. Kim’s not anyone’s mom lol. She's an influencer though. So she has a responsibility. Link to post Share on other sites More sharing options...
 bionic 40,709 Posted September 6, 2021 Share Posted September 6, 2021 26 minutes ago, HausOfAntonio said: I would tend to agree but not in this case. Purchasing currency is a great responsibility, especially something as volatile as crypto. If you rely solely on a celebrity’s word to invest in it, idk if you should be in the first place. You're right that somebody shouldn't do anything (especially anything financial) because a celebrity tells them to do so. Many will see that Kim, a wealthy and successful person, is advocating for this currency and then invest because if Kim likes it, it might make me wealthy too buy bionic Link to post Share on other sites More sharing options...
candiedroses 406 Posted September 6, 2021 Share Posted September 6, 2021 1 hour ago, HausOfAntonio said: Its whoever purchases the currency’s job to research on it. Kim’s not anyone’s mom lol. I could've sworn she had a few children with Kanye West. Link to post Share on other sites More sharing options...
holy scheisse 21,315 Posted September 7, 2021 Share Posted September 7, 2021 Wonder if she was paid in dollars or Ethereum max to do the promo Link to post Share on other sites More sharing options...
Economy 45,858 Posted September 7, 2021 Share Posted September 7, 2021 FCA? They stole that from Star Trek   Link to post Share on other sites More sharing options...
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