TikTok Warns Influencers from Promoting Cryptos Amid Escalating Fraud Cases

TikTok, Social media platform, announced on Friday that certain ads would no longer be allowed on their forum. Crypto-based promotional content, share trading and buy now pay later are among the forbidden topics, according to an article from FT Adviser on July 8. In addition, TikTok’s new guidelines now globally prohibit the promotion of all financial services and products. According to the report, the ban aims to halt the worrying trend of risky investments being touted on social media. Most…