Tech

Consumer watchdog warns young people over 'huge rise' in celebrity crypto scams

The new publicity campaign from the Competition and Consumer Protection Commission comes amid calls for a complete ban on crypto advertising

The Competition and Consumer Protection Commission has launched a new campaign that cautions consumers over the volatility of crypto. Picture: Getty

The state’s consumer watchdog has warned young people about a “huge rise” in fake celebrity endorsements of crypto assets, amid calls for a ban on ads for the digital currencies from the Central Bank of Ireland (CBI).

The Competition and Consumer Protection Commission (CCPC) has launched a new campaign that cautions consumers over the volatility of crypto and says some young people who have invested in some currencies have done so because they’ve been told ...