Bitcoin shouldn’t be touted as an unprotected financial investment product: Klarna CEO


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Bitcoin shouldn’t be touted as an unprotected financial investment product: Klarna CEO

“It must stop, it is a major risk which is exploding for consumers around the world right now,” said Sebastian Siemiatkowsk.

In the current bull market, there are as many detractors as there are supporters. The latest is Klarna AB CEO Sebastian Siemiatkowski, who has attacked those who publicly encourage people to buy Bitcoin, which he says poses a major risk to consumers.

“Whatever you think of Bitcoins, what cannot go on is advertising it as an unprotected financial investment product,” Siemiatkowski said during a virtual panel hosted by the bodies on Thursday. German press.

Klarna Bank AB is a Swedish online payment provider. The company offers credit to buyers, allowing them to pay after receiving the goods.

Siemiatkowski said that if he encouraged the public on Twitter to invest in a specific stock, “I would be jailed for breaking the laws on how you promote investments.”

Tesla CEO Elon Musk returned to Twitter on Thursday, just two days after announcing a social media platform hiatus, to post several tweets about the cryptocurrency meme DOGE, the prices of which have skyrocketed again. .

“Dogecoin is the people’s crypto”, tweeted Musk with “No Highs, No Lows, Only Doge” and many more that pushed DOGE’s price up to $ 0.0568. DOGE 1.92% Dogecoin / USD DOGEUSD $ 0.20
$ 0.001.92%
Volume 954.98 m Switch $ 0.00 Open $ 0.20 Circulated 131.49 b Market capitalization 26.57 b
10 hours “Crypto cannot be destroyed,” says Tesla CEO Elon Musk 6 days Google searches for Bitcoin hit December 2020 level, interest in NFTs outpaces DeFi significantly and briefly matches Ethereum 1 week Lloyds to auction vehicles from Mad Max FURY Road movie, crypto accepted

As recently as last week, Musk changed his bio to “bitcoin,” which caused his prices to skyrocket, only to remove it this week. But during a session at the Clubhouse, he shared that he supports BTC, which he says is on the verge of being accepted by the masses.

He also said he should have bought BTC eight years ago and is now “late to the party”.

“It must stop, it is a major risk that is exploding for consumers around the world right now,” said the CEO of Klarna. “Politicians need to act on this now. “

Klarna herself is on the verge of increasingly stringent regulation, with the UK’s Financial Conduct Authority (FCA) saying on Tuesday it would start regulating the buy-it-now and pay-out industry late without interest.



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