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IOTA Responds to IOSCO Consultation: Crypto Influencers Need Smart Regulations

  • IOTA has released a comprehensive report on the rising number of self-appointed financial experts and how their misguided information could be controlled.
  • IOTA proposes an AI-driven monitoring implementation to identify financial misinformation while providing retail investors with tools to guide their decisions.
  • IOTA highlights the need for a comprehensive regulatory framework to control the activities of 'finfluencers' and to mitigate the risks of hidden conflicts, misinformation, and market manipulation.
  • IOTA suggests collaboration with social media platforms, implementation of AI-driven monitoring, and establishment of a global database of compliant and non-compliant experts as key methods to address the issue.

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