The European Parliament calls for strict rules for influencers who provide financial advice

The European Parliament voted on a report calling on the European Commission to develop rules to protect citizens from influencers promoting financial get-rich-quick schemes. These online 'financial experts', who offer advice on cryptocurrencies and financial applications, will need to clearly mark advertisements and warn about risks. Brussels also aims to combat manipulation through the use of technology, including deepfake videos. Tana Foarfă, executive director of the European Expertise Center 'Europuls', emphasizes the importance of protecting citizens in the online environment. Additionally, Romania ranks last in the EU regarding financial education, with only 8% of Romanians having basic financial knowledge. The new rules could impose penalties on platforms that do not quickly remove problematic content, shifting responsibility from users to tech companies. The EU also encourages the introduction of financial education programs for young people.