Cryptocurrency: Kim Kardashian Faces Criticism From British Official Over Crypto Announcement

Cryptocurrency: Kim Kardashian Faces Criticism From British Official Over Crypto Announcement

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A post appeared on Kardashian’s Instagram account that suggested the head of the Financial Conduct Authority in the UK had an advertisement for cryptocurrencies

Reality TV star Kim Kardashian has faced criticism from the head of Britain’s Financial Conduct Authority for promoting an untested cryptocurrency on social networking site Instagram.

The authority’s chairman, Charles Randall, said that Kim “asked his 250 million followers to trade cryptocurrencies” through an announcement on his Ethereum Max account.

Randall described the coin he says Kardashian is promoting as “a circulating digital currency launched by unknown developers a month ago.”

Britain’s top financial official also accused social media influencers of promoting the “get rich-quick illusion”.

About the author: Seth Grace

Seth is an all-around geek who loves learning new stuff every day. With a background in Journalism and a passion for web-based technologies and Gadgets, she focuses on writing about on Hot Topics, Web Trends, Smartphones, and Tablets.

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