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Crypto has been one of the key sectors that have aggressively used influencer marketing tools to reach the millennial group. Influencer marketing was the first tool that many crypto startups used during their launch.

Celebrities and fin-fluencers have more influence over the crypto market than we may think. A simple endorsement or mention can have a profound effect on the market. The ASCI wants to put a cap on the kind of promotions that guarantee unrealistic returns over investments- in an attempt to protect.

Any industry is highly risky without regulations but a blanket ban on endorsements of the fastest-growing fin-tech, will not only hinder the growth of the economy but also financial literacy. What do you think about ads on crypto? Do you think they sway the market?

Actually, you might find some answers in our free influencer marketing course, checkout now: https://bit.ly/3bcaKto

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