ASIC Warns Gen Z Crypto Traders as 23% Own Digital Assets Fueled by Social Media Hype
Key Takeaways: According to the regulator of Australia, 23% of Gen Z investors own cryptocurrency and most of them trade based on the social media trend. 63% of Australians aged 18 to 34 seek financial advice on social media with 18% using AI. The regulators are also concerned about crypto material posted by influencers leading…