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Kim Kardashian promotes cryptocurrency and enters the UK

Kim Kardashian promotes cryptocurrency and enters the UK

attributed to him, Getty Images

Illustrative image,

Officials say Kim Kardashian may have promoted a non-existent cryptocurrency

American businesswoman and social activist Kim Kardashian has been criticized for promoting cryptocurrency on Instagram.

The criticism came from the head of the Financial Conduct Authority (FDA), the UK’s financial regulator.

Charles Rundle said Kardashian “asked his 250 million followers to speculate on cryptocurrency” when promoting the Ethereum Max ad.

Randle described the coin as “a fictitious digital token created a month ago by unknown developers.”