The governor of Ireland’s central bank has called for legislators to ban crypto ads aimed at youth, according to a Reuters report dated Jan. 25.
Gabriel Makhlouf, Governor of the Central Bank of Ireland, said that a “reasonable number” of young adults had invested their money in cryptocurrency. He added that there is an “uncomfortable” amount of advertising targeting youth.
Makhlouf explicitly advocated for a ban before an Irish parliamentary committee, stating:
“If you could find a way, I would recommend that adverts to [the young adult] cohort are banned.”
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