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Added December 12, 2024

9 min 46 sec

Morning Shot: How should the finfluencer sector be regulated?

Morning Shot: How should the finfluencer sector be regulated?

Summary

Calls for online finance-related content to be regulated are growing, amid an increasing number of so-called financial influencers, or "finfluencers".

Even though the central bank has received an average of fewer than five complaints every year against finfluencers, authorities say that finfluencers, must be licensed and regulated if they provide financial advice.

So, how should finfluencers be regulated?

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