On March 22, 2023, The National Assembly’s Economics Committee voted to approve a plan aimed at KOLs and KOCs in social media are prohibited from directly or indirectly promoting crypto asset services from unlicensed providers, with violators facing two years in prison and a €30,000 ($32,300) fine. Due to the great influence of these KOLs and KOCs on online social media, when they directly or indirectly promote encryption projects through various operations, they will always bring huge benefi...