📰 REGULATORY WARNING: Taiwan Cracks Down on Misleading Crypto Endorsements
New York, NY –
🚨 Celebrities and KOLs Under Scrutiny for Promoting Shady Crypto Projects in Taiwan
Several high-profile figures and Key Opinion Leaders (KOLs) in Taiwan are currently under investigation for promoting ambiguous or fraudulent cryptocurrency projects.
This development has prompted the Financial Supervisory Commission (FSC) to issue a stern public warning to all KOLs regarding the mandatory disclosure of any financial or material relationship when endorsing crypto assets.
The FSC has stressed that the promotion of misleading or non-transparent information could lead to heavy penalties under consumer protection laws.
The government is actively working to control the flow of potentially deceptive information and prevent the misuse of personal influence to perpetuate investment scams.
This regulatory effort is squarely aimed at enhancing honesty and accountability within the crypto advertising space, ensuring that retail investors receive truthful and clearly labeled promotional material.
#TaiwanFSC #KOLScam #CryptoRegulation #ConsumerProtection
