Italy's securities regulator, CONSOB, has issued a warning to social media influencers, or "finfluencers," regarding the promotion of crypto assets. The warning references a factsheet from the European Securities and Markets Authority (ESMA), reminding promoters that European Union regulations concerning investment recommendations and advertising are applicable to crypto-related content. The development serves as a notice to those operating in the crypto space that existing financial regulations extend to their activities, particularly concerning investment advice and marketing practices.

Italy's securities regulator, CONSOB, has issued a warning to social media influencers, or "finfluencers," regarding the promotion of crypto assets. The warning references a factsheet from the European Securities and Markets Authority (ESMA), reminding promoters that European Union regulations concerning investment recommendations and advertising are applicable to crypto-related content. The development serves as a notice to those operating in the crypto space that existing financial regulations extend to their activities, particularly concerning investment advice and marketing practices.