HOME / Updates / Press Reports

Africa TV Prohibits Coin Exchange Margin Exchange Promotion…. Will They Eradicate “Referral”?

Press Reports

Practice areaCrypto & Virtual Assets

Internet broadcasting platform Africa TV has prohibited exchanges from promoting, recommending leverage service placements. Last June, Africa TV suffered from a “Coin Gate” scandal, which a streamer was caught for advanced purchase using T.O. coin. Currently there are no legislations to punish BJs who have earned unjust gains from virtual asset investments of the viewers.

Partner attorney Ohoon Kwon suggested that “if BJs have not notified their promotional purposes, they could be punished for violating the Act on Fair Labeling and Advertising under the Fair Trade Act, but they are not responsible for investment losses.” [Pinpoint News 2021-11-01]

URL: Africa TV Prohibits Coin Exchange Margin Exchange Promotion…. Will They Eradicate “Referral”? (pinpointnews.co.kr)

All updates

Need advice on a similar matter?Send us your matter and we will come back to you with the responsible attorney.

Contact Us
Live ChatContact Us

5F, 526 Nonhyeon-ro, Gangnam-gu, Seoul, Korea

+82-2-6245-9090 · Fax +82-2-6245-9091

contact@chakwon.com · Mon-Fri 09:30-18:30 (KST)

Attorney responsible for advertising: Ohoon Kwon