France Launches Training Module for Cryptocurrency and Finance Influencers
France has introduced a training module for cryptocurrency and finance influencers aimed at promoting responsible advertising and protecting retail investors. The Autoritรฉ des Marchรฉs Financiers (AMF) and the Autoritรฉ de Rรฉgulation Professionnelle de la Publicitรฉ (ARPP) have collaborated to create the Responsible Influence Certificate in Finance program. This initiative comesย after the release of the Responsible Influence Certificate by ARPP two years ago, which highlighted the lack of transparency in disclosing paid advertising in online materials. The new module focuses inย particularย on influencers in the cryptocurrency and finance industry and provides guidance on investment products and services. The certificate is not legally required but is highly encouraged by both authorities. Influencers are required to pass an exam with a minimum score of 75% to obtain the certificate.
Hot Take
Franceโs launch of the Responsible Influence Certificate in Finance program demonstrates a commitment to enhancing transparency and protecting retail investors in the cryptocurrency and finance industry. By educating influencers on the regulations and regulations surrounding paid advertising and investment communications, France intendsย to professionalize the field and secure accurate and responsible information reaches the public. Althoughย while the certificate is not mandatory, it serves as a valuable tool for brands seeking collaborations with influencers, as it provides assurance of their compliance with legal requirements. This initiative sets a positive precedent for other countries to address the challenges associated with influencer advertising in the cryptocurrency and finance sectors.
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