French lawmakers propose ban on crypto influencer promotions By Cointelegraph

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French lawmakers propose ban on crypto influencer promotions

Published Mar 22, 2023 03:04PM ET Updated Mar 22, 2023 04:40PM ET

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French lawmakers propose ban on crypto influencer promotions

French lawmakers have proposed a ban on the promotion of certain financial products and services by electronic means, including crypto assets, in order to protect consumers from potential risks.

The proposed amendment is to Bill no. 790, aimed at combating scams and excesses by influencers on social networks. The amendment also proposes placing a ban on advertising health products, gambling and video games using similar mechanisms.

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