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European Union’s consumer group BEUC targeted cryptocurrency ads on social media in its latest complaint to the European Commission and consumer authorities. The BEUC was joined by consumer groups from eight European nations in its campaign against major social media platforms for promoting crypto products.BEUC took to Twitter earlier today to announce its efforts to curb crypto ads on social media platforms:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/b9bd6ba66f53437bac5a6e5acb0fdc47.png" />BEUC is an umbrella group for 46 independent consumer organizations from 32 European countries that represent the interest of consumers. According to a <a href="https://www.beuc.eu/press-releases/beuc-acts-against-social-media-platforms-facilitating-misleading-crypto-asset" rel="noopener noreferrer nofollow">press release</a> from the consumer group earlier today, a complaint was filed against Instagram, YouTube, TikTok, and Twitter for facilitating the misleading promotion of crypto assets.BEUC and consumer groups from Denmark, France, Greece, Italy, Lithuania, Portugal, Slovakia, and Spain accused the social media companies of allowing misleading advertisements of crypto products on their platforms. The consumer groups were of the opinion that the ads have been an unfair commercial practice that exposed consumers to significant harm and risk.Read full article at <a href="https://cryptotale.org/eu-consumer-group-targets-crypto-ads-on-social-media/" rel="noopener noreferrer nofollow">CryptoTale.</a>

EU Consumer Group Targets Crypto Ads On Social Media

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