American supermodel Kim Kardashian has been fined more than 12 million rupees for posting in favor of cryptocurrency on social media Instagram. The US Securities and Exchange Commission has fined him. They said that Kim was fined for breaking the country's laws.
According to the British media BBC, several days ago, Kim Kardashian posted on her Instagram account promoting an illegal crypto investment company. The United States Securities and Exchange Commission has investigated that he received two and a half million dollars for this post.
According to the law of the United States, if a famous person promotes crypto investment, he must inform along with that promotion, how much money he received for promoting it, how he got it, who gave him the money.
Despite promoting crypto investments, Kim did not mention all of this information in the post. That is why he is guilty of breaking the law. After that, he was fined 1.26 million US dollars by the United States Securities and Exchange Commission. The amount of money in Bangladeshi Taka is 12 crore 38 lakh 75 thousand 775 Taka.
Kim, however, took the punishment. In addition to the fine, he also told the US Securities and Exchange Commission that he will not promote any cryptocurrency-related investments for the next three years.
