Channels

Impact

Terra

Read

<div class="coingape"> 
 <h2 id="asci-sets-stage-for-finfluencers">ASCI Sets Stage For Finfluencers</h2> 
 <p>The updated regulations stipulate that to offer financial advice, “f<a rel="noopener noreferrer nofollow" title="influencers" href="https://thebittimes.com/tag/influencers.html">influencers</a>” must now be registered with the Securities and Exchange Board of <a rel="noopener noreferrer nofollow" title="India" href="https://thebittimes.com/tag/india.html">India</a> (SEBI). They must conspicuously display their registration number and credentials. Influencers need to have the necessary credentials to provide various types of financial advice, such as authorization from the Insurance Regulatory and Development Authority of <a rel="noopener noreferrer nofollow" title="India" href="https://thebittimes.com/tag/india.html">India</a> (IRDAI), or certification as a chartered accountant or company secretary. Influencers must also follow all disclosure guidelines established by authorities overseeing the financial industry.</p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
 </div> 
 <p>The action by ASCI is in line with SEBI’s worries about false investment advice being disseminated by f<a rel="noopener noreferrer nofollow" title="influencers" href="https://thebittimes.com/tag/influencers.html">influencers</a>. SEBI is anticipated to respond by publishing a draft discussion paper on the regulation of f<a rel="noopener noreferrer nofollow" title="influencers" href="https://thebittimes.com/tag/influencers.html">influencers</a>.</p> 
 <p>Manisha Kapoor, CEO, and Secretary General of ASCI, emphasized the negative effects of bad financial advice on people’s ability to maintain their financial stability. She claimed that influencer marketing might have a big impact on industries including banking, financial services, and insurance. ASCI requires influencers to declare pertinent registrations and licenses in all promotions relating to financial investments to achieve this.</p> 
 <p>Additionally, ASCI has updated its criteria to mandate that influencers who support health and nutrition-related products possess the necessary credentials, such as medical degrees or certificates in related professions.</p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/02/15173931/top-presale-project.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2023/02/15173931/top-presale-project.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/08/09180645/trading-bots.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2023/08/09180645/trading-bots.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2022/12/15175104/top_crypto_marketing_agencies.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2022/12/15175104/top_crypto_marketing_agencies.jpg" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/05/15175814/crypto_telegram_channel.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2023/05/15175814/crypto_telegram_channel.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2022/12/23134356/jpg_20221223_134223_0000.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2022/12/23134356/jpg_20221223_134223_0000.jpg" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <p>Also Read: Alert: ETH Price Risks Huge Sell-Off If Price Breaches This Level</p> 
 <h2 id="indian-crypto-influencers-await-impact">Indian Crypto Influencers Await Impact</h2>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>In the interest of transparency, ASCI stipulates that both health and financial influencers must prominently disclose their qualifications and registration details on all promotional materials. Now as soon as the umbrella term ‘financial influencers’ comes in, it raises the question as to whether this includes crypto influencers as well.</p> 
 <p>High-profile individuals have had a huge impact on the cryptocurrency space, which has changed market dynamics several times. The cryptocurrency community will be closely watching any changes in this area because the new ASCI guidelines may have effects on crypto <a rel="noopener noreferrer nofollow" title="influencers" href="https://thebittimes.com/tag/influencers.html">influencers</a> in <a rel="noopener noreferrer nofollow" title="India" href="https://thebittimes.com/tag/india.html">India</a>.</p> 
 <p>As ASCI strengthens its policies to counter deceptive information and protect customers, emergent industries like cryptocurrency are also affected, in addition to established financial sectors.</p> 
 <p>Also Read: Judge Rakoff Approves US SEC’s Motion To Investigate Terra Co-Founder</p> 
</div>

ASCI Tightens Guidelines For "Finfluencers" And Sets Stage, Crypto Influencers Awaits Impact

Table of Contents

TheBitTimes

Other articles published on Aug 18, 2023

PINS Introduction

Turning the Tide: Judge Grants SEC’s Request to File for Appeal

Shibarium Shiba Inu Resmi Diluncurkan, Tetapi Ada Kendala Teknis Setelahnya

Mark Your Calendar: Crypto Expo Dubai 2023 – Shaping the Future of Crypto

Scam Alert: Hackers Drains Exactly Protocol of 4300 ETH

XRP Trader Made Millions Today Thanks to This 'De-Peg'

Join our free newsletter for daily crypto updates!