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Monetary authority to provide cryptocurrency programs to vocational college students

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The Netherlands Authority for the Monetary Markets (AFM) will give a sequence of classes to MBO college students within the subsequent few months about investing, particularly with cryptocurrency. The teachings are a response to the rising attain of economic influencers on social media, who would possibly give younger individuals the incorrect concept about investing, in line with the NOS.

1 / 4 of younger adults are concerned with cryptocurrency and minors additionally commerce in it, in line with the NOS. One of many AFM’s targets with the teachings is to counteract the casual recommendation younger individuals may be receiving about cryptocurrency, equivalent to deceptive commercials or social media posts.

“With cryptos, we now have critical issues that you may be tempted to generate profits in a short time,” Tom Smiers of AFM advised the NOS. “We see that there’s a lot of promoting and one commercial is much more engaging than the opposite. Incomes cash shortly is commonly central.”

As a result of banks can’t regulate or supervise cryptocurrency, monetary establishments within the Netherlands have been warning in opposition to buying and selling in them for some time. The AFM additionally factors out that monetary influencers who promote sure investments on Instagram and different social media platforms may have hidden agendas.

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