While the authorities in major economies are taking a cautious approach to cryptocurrencies, the developing world is showing much greater acceptance of the value of digital tokens, in every sense.
In the UK, the Financial Conduct Authority’s chair said in a speech on Monday that regulators should be given more powers to protect consumers from dubious crypto investments being promoted online.
Charles Randell cited celebrity influencer Kim Kardashian, who was recently paid to ask her 250m Instagram followers to speculate on crypto tokens by “joining the ethereum Max Community”, a digital token created only a month before by unknown developers.
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