🔍 Key Details:
💱 Allegations: TikTok’s virtual currency system, where users buy coins and creators cash out, is being compared to a crypto exchange.
🕵️♂️ Under Investigation: UK’s Financial Conduct Authority (FCA) is urged to audit TikTok for potential money laundering risks and financial irregularities.
📉 Global Scrutiny: TikTok also faces investigations in Australia for similar concerns, adding to its legal challenges worldwide.
⚖️ Potential Consequences: If found non-compliant, TikTok could face heavy regulatory actions and stricter financial oversight.
Stay tuned for updates on this evolving story! 📰🔥
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