{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=ES&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Crypto+ads+and+promo+content+banned+on+TikTok&text=TikTok+has+banned+all+cryptocurrency-related+promotional+content+in+a+bid+to+mitigate+fraud+links+and+marketing+schemes.&text=TikTok+has+announced+that+certain+advertisements+would+be+banned+from+the+platform%2C+including+%3Ca+title%3D%22Is+Crypto+Trader+Legit%3F%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fcrypto-trader-review%2F%22+data-replaced%3D%22true%22%3Ecrypto%3C%2Fa%3Ecurrency-based+content+and+promotions+of+digital+financial+products.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AAccording+to+an+article+from+%3Ca+href%3D%22https%3A%2F%2Fwww.ftadviser.com%2Fyour-industry%2F2021%2F07%2F08%2Ftiktok-bans-investment-promotions%2F%22%3EFT+Advisor%3C%2Fa%3E%2C+the+social+media+platform%27s+new+regulations+in+advertising+accepted+will+be+more+strict+about+financial+content.+In+2020%2C+TikTok+became+a+massively+popular+platform+for+users+to+share+videos+to+either+educate+or+entice+new+investors+to+the+market.+Dogecoin%2C+in+particular%2C+saw+masses+of+TikTok+users+content+created+and+share+related+videos+to+pump+the+coin+up.+According+to+Martin+Bamford+from+Informed+Choice%2C+this+new+ban+is+possibly+in+place+to+protect+vulnerable+users+from+falling+prey+to+branded+content+from+affiliated+strategies+or+sponsored+content+that+might+not+be+transparent+in+marketing+efforts.+He+noted%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%3Cem%3E%E2%80%9CMy+interpretation+of+this+is+%5BTikTok%5D+are+clamping+down+on+directly+or+indirectly+sponsored+content+which+leads+to+an+affiliate+link%2C+for+example+to+sign+up+to+a+trading+platform+and+get+free+stocks.+We+see+a+huge+amount+of+this+branded+content+on+TikTok%2C+usually+from+poorly+informed+commentators%2C+who+lure+in+followers+with+promises+of+riches%2C+but+in+reality+are+making+their+money+off+people+signing+up+via+affiliate+links.%22%3C%2Fem%3E%0A%3Ch2%3ECovid+caution%3A+Crypto+schemes+and+fraud+on+the+ride%3C%2Fh2%3E%0AThis+clampdown+on+financial+content+might+not+apply+to+all+financial+products+-+but+it+is+clear+that+promotional+content+will+be+removed.+Other+platforms+have+been+experiencing+higher+levels+of+promotional+%27advice%27+and+scam+advertisement+appear+too.+This+is+likely+as+a+result+of+the+pandemic%2C+as+more+and+more+users+are+now+looking+to+digital+finances+to+avoid+contact+payments.+Google%2C+for+example%2C+has+also+had+to+make+moves+to+regulate+advertisements+and+reduce+the+financial+fraud+appearing+in+searches.+As+per+the+FT+notice%2C+Google+has+shifted+to+ensuring+all+financial+services+advertisers+demonstrate+that+they+are+authorised+by+the+Financial+Conduct+Authority+before+any+sort+of+promotional+content+is+published.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0ADespite+the+crackdown+on+crypto-ads+and+content+reduction+on+the+platforms%2C+the+market+is+still+trading+in+modest+amounts+of+green+with+%3Ca+title%3D%22Bitcoin+Evolution%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fbitcoin-evolution-review%2F%22+data-replaced%3D%22true%22%3EBitcoin%3C%2Fa%3E+Ethereum%2C+Ripple+and+Dogecoin+all+showing+a+daily+trading+increase+between+1%25+and+2%25%2C","timeout":15}