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Portuguese Authorities Contemplate Launching an Investigation on Local Crypto Social Media Influencers

Portuguese authorities are reportedly planning to take action against social media influencers who provide advice on crypto-related investments. The plans are being discussed in the wake of an online petition signed by thousands of Portuguese.
A Crypto Youtuber Already in the Authorities Loop
According to Expresso, Portugal’s judicial police, Policía Judiciária, is “analyzing” whether domestic crypto Youtubers commit some illegal activity with their content. In fact, authorities are looking to target the ones who promote crypto scams indirectly, such as fake giveaways.
However, a source told the local media outlet that still there is no investigation underway, as they’re trying first to assess the magnitude of the matter:
I am not sure what kind of illegality is there. We are trying to understand the case better. But I remember that buying bitcoins is not considered a crime in itself.
But Expresso says the police already looked at some allegations against one Youtuber who confessed to having committed wrongdoings. However, he promised to refund his followers the money asked on the videos.

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