It is reported that Gabriel Makhlouf, President of the Central Bank of Spain, applied the law prohibiting the propaganda and planning of encryption projects to young people.

According to a report by Bloomberg News Agency on January 25, Mark Luff said in the Committee on Finance, Public Expenditure and Reform that encrypting advertisements for young people was "disturbing". According to reports, the chairman of the Federal Reserve called many cryptocurrencies "unsecured" assets and suggested that due process "find ways" to prohibit relevant advertisements.

Makhlouf regards the implementation of the MiCA framework in EU countries as one of the turning points of the central bank in 2023. EU leaders have extended the final online voting of the encryption framework to April.

The Central Bank of Spain issued a warning on the risk of encryption investment in March 2022, saying that many advertisements are false, "especially on social platforms, influential people are paid to advertise encryption assets.

Authorities in other jurisdictions also target encrypted connection advertising in the online and physical online world. The Advertising Standards Authority weakened many advertisements in 2022, including the promotional activities of Coinbase, Kraken and eToro. In foreign countries, the Foreign Securities and Exchange Commission and the well-known Kim Kardashian reached a mediation of US $1.26 million in the overall Instagram account marketing and promotion of the Ethereum Max (EMAX) token story.