EU Consumer Watchdog Slams Instagram, TikTok for Enabling Crypto Scams

The European Consumer Organization (BEUC) has released a report accusing leading social media platforms including Instagram, TikTok, Twitter, and YouTube of enabling scams related to digital assets. In a 20-page report, the watchdog categorized digital assets as highly risky and prone to scams, highlighting the impact cryptocurrencies have on consumers as well as the role of so-called crypto influencers. ...