Live broadcast of coin trading that mobilized hundreds of millions of dollars… Concerns about promoting speculation are high

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– There are concerns that famous YouTubers and African BJs who broadcast real-time on the Internet may promote false investment sentiment by broadcasting cryptocurrency trading live. A famous African BJ and YouTuber has conducted real-time broadcasts investing in cryptocurrency for tens of thousands of viewers since the 19th. In particular, on the 21st, he directly showed viewers the act of buying a certain coin in large quantities with other BJs, raising the quotation, and then selling it back. In addition, in the case of cryptocurrencies with a small market capitalization, caution is required as there is a possibility of market price fluctuations by famous YouTubers.

On the 19th, a famous BJ and YouTuber conducted a live broadcast on the African TV channel to buy and sell coins such as BORA and Golem for about 50 million won. On the morning of the day, it was reported that Bora had secured 45.8% of Kakao Games’ Way2Bit’s total stake, and soared more than 500% during the day. On the 21st, they showed the balance of 3 billion won on the cryptocurrency exchange Upbit together with other BJs and bought and sold Bitcoin (BTC). The number of views of the latest cryptocurrency investment-related videos uploaded to the BJ’s YouTube channel reached 260,000 as of 12 pm on the 22nd.

As the cryptocurrency investment broadcasts of popular BJ or YouTubers with as few as tens of thousands to as many as millions of viewers have become popular, there are voices of concern among viewers. It is said that it is possible to promote speculation by viewers as a situation where coins are bought and sold at the market price in private broadcasts or communities and soared to an abnormal situation is produced. The BJ mentioned above exposes the phrase’Never imitate BJ’ on the live broadcast screen, but it is unlikely that this article will actually work. Rather, viewers who have seen the increase in quotes after buying a large amount of coins and then selling at a higher price in line with the quoted price are more likely to be tempted to imitate.

In the actual YouTube video, reactions such as “Hyunta is coming” “I don’t need to go to Gangwon Land”, “I wanted to buy bitcoin from a few years ago, but I still can’t do it because I’m a minor”. Along with this, “I think there will be kids who want to make money by putting it in quickly and then pulling it out right away, but that situation has risen sharply because a lot of viewers followed me”, “Isn’t it illegal if you do this? There was also a comment with concern, saying, “Sell and damage the rest of the world.

In the stock investment market, regulations are beginning with concerns that individual investors may be exposed to intelligent financial crimes due to Internet video platforms and social networking services (SNS). The Financial Services Commission recently initiated a compulsory investigation in three years by applying a charge of manipulating the market to a famous stock YouTuber with an investment of 30 billion won, and a fraudulent transaction against the operator of Naver stock café with 220,000 subscribers.

However, in the case of cryptocurrency, it is difficult to apply the regulations of the Capital Market Act as the Financial Services Commission does not disclose that it is a financial investment product. Accordingly, it is difficult to regulate the market price control, speculation promotion, and illegal transactions by private broadcasting or community operators, so investors should keep this in mind when investing. One legal official said, “It is unclear whether or not to apply the Capital Market Act to cryptocurrency,” he said. “When making an investment decision, you should carefully read other information and decide whether to invest carefully.”

On the other hand, in fear of damage to investors caused by such a regulatory void, the Gyeonggi Special Judicial Police Corps said that it intensively investigated false or exaggerated advertisements of financial product advisory companies such as the illegal pyramid (multi-level illegal) sales organization, and the act of selling coins using an illegal pyramid (multi-level illegal) sales organization. Sun said.

[김세진 D.STREET(디스트리트) 기자]

[ⓒ 매일경제 & mk.co.kr, 무단전재 및 재배포 금지]

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