简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:"CySEC is worried about the increased involvement of younger, inexperienced investors, as well as the proliferation of information on social media and internet platforms promoting sophisticated goods that are not necessarily what they seem," said Dr. George Theocharides, Chairman of CySEC.
The regulator started an education campaign for investors.
Several other authorities issued similar warnings earlier.
An investor protection campaign was started on Tuesday by the Cyprus Securities and Exchange Commission (CySEC) to address the growing worldwide epidemic of investment harm. The campaign's purpose is to caution investors against making investing choices based on emotional and social pressure rather than logical thinking and market expertise.
The effort, according to the regulator, is in reaction to the advertising of sophisticated and dangerous financial products on social media networks. It also mentioned celebrities promoting cryptocurrency items more often.
“CySEC is worried about the increased involvement of younger, inexperienced investors, as well as the proliferation of information on social media and internet platforms promoting sophisticated goods that are not necessarily what they seem,” said Dr. George Theocharides, Chairman of CySEC.
The regulator also said that many investors are uninformed of the specifics of these dangerous investment products.
Financial literacy among young people is diminishing, which has increased the chance that they would not completely comprehend the distinctive features and hazards associated with trading in these instruments, according to Dr. Theocharides.
Trading Gamification
Furthermore, CySEC expressed worry about retail assets becoming 'gamified.' It is the latest financial market watchdog to issue a warning about such approaches, as numerous other CySEC equivalents are closely scrutinizing the negative effects of such tactics and potential limitations.
However, the Mediterranean island's watchdog did not indicate whether it intends to take any action against such 'gamification of investment' practices.
To follow more on latest news on the go, download the WikiFX App for free from App Store and on Google Play Store.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
In this article, we will conduct a comprehensive examination of GFS, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
The Malaysian ringgit continued its upward trajectory against the US dollar at the market's opening today, breaking past the RM4.14 level for the first time since November 2021.
NBI rescues 84 Filipinos in Pampanga, Philippines, from a scam hub posing as a BPO allegedly involved in FXTM USDT Forex Trading. Authorities target cybercrime violations in the Philippines.
CFTC charges four unregistered binary options firms, alleging false claims of regulation in the U.S. The enforcement action targets platforms dealing in crypto and derivatives.