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Australia warns of AI, ‘finfluencers’ as Gen Z crypto ownership hits 23%
Cointelegraph·6 days ago
Australia's securities regulator warns that AI-powered 'financial influencers' are driving risky investment decisions among Gen Z, with 23% now owning cryptocurrency. Two-thirds of Gen Z are using social media for financial advice, leading to increased financial risk-taking behavior influenced by algorithmic content.
financial manipulationsocial media algorithmsregulatory warningcryptocurrencyGen ZAustraliainfluencer marketing