TikTok Bans Influencers from Promoting / Shilling of CryptoCurrency & Crypto Asets

Regulations are being set into play. Meme coin era is definitely coming to a close soon as more and more outlets shutter their door, due to the massive 'gambling' going on.

The policy update also involves content relating to loans, credit cards, forex trading and investment services.

“All financial services and products are prohibited, including but not limited to lending and management of money assets, loans and credit cards, buy now pay later (BNPL) services, trading platforms, cryptocurrency, foreign exchange, debit and pre-payment cards, forex trading, commemorative coins, pyramid schemes (including non-financial services), investment services, credit repair services, bail bonds, debt assistance programs, get rich quick schemes, debt consolidation services and penny auctions.”

The ban comes a few months after the UK’s Financial Conduct Authority (FCA) issued a warning that young investors are engaging in high-risk investments in cryptocurrencies and foreign exchange. Nearly 50% of TikTok users are 29 years old or younger.

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taken from - dailyhodl

They can still pay Logan Paul on YouTube. There will always be shitcoins.

Good riddance. I hope all social media platforms ban it.

I worked with TikTok in Thailand and I can tell you they have ENORMOUS problems with people posting scams, fights, child and animal abuse videos. There are certain people who think they could go viral if they throw a dog from a building or stuff like this. Believe me, crypto scams are the least of their problems.....

nakamura said:

I worked with TikTok in Thailand and I can tell you they have ENORMOUS problems with people posting scams, fights, child and animal abuse videos. There are certain people who think they could go viral if they throw a dog from a building or stuff like this. Believe me, crypto scams are the least of their problems.....

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I live in a developing country myself.

Yeah, when education is poor people are pretty 'brute' in general.


The less privileged I've known barely attended school and have no concept of the outside world, lack wisdom, etc. I can't comprehend some of the things they find humorous ie, throwing a cat by it's tail like a yo-yo toy

No control over the 'devil' that's in the hole of most people in a 1st world place b/c we have education on morality

razorsharp said:

Good riddance. I hope all social media platforms ban it.

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Social media sites are quick enough to clampdown on fake news especially in politics, so this should be put in place too as people run the risk of losing everything.