The Netherlands Authority for the Monetary Markets (AFM) will give a collection of classes to MBO college students within the subsequent few months about investing, particularly with cryptocurrency. The teachings are a response to the rising attain of economic influencers on social media, who may give younger folks the fallacious thought about investing, in response to the NOS.
1 / 4 of younger adults are concerned with cryptocurrency and minors additionally commerce in it, in response to the NOS. One of many AFM’s targets with the teachings is to counteract the casual recommendation younger folks could be receiving about cryptocurrency, reminiscent of deceptive ads or social media posts.
“With cryptos, we now have severe considerations that you can be tempted to generate income in a short time,” Tom Smiers of AFM informed the NOS. “We see that there’s a lot of promoting and one commercial is much more engaging than the opposite. Incomes cash shortly is usually central.”
As a result of banks can not regulate or supervise cryptocurrency, monetary establishments within the Netherlands have been warning towards buying and selling in them for some time. The AFM additionally factors out that monetary influencers who promote sure investments on Instagram and different social media platforms might have hidden agendas.
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