Danger! UK Financial Conduct Authority Tells Consumers Investing in Crypto Could Lead to Total Loss of Money
Danger! UK Financial Conduct Authority Tells Consumers Investing in Crypto Could Lead to Total Loss of Money The UK Financial Conduct Authority has issued a statement on the risk of investing in cryptocurrency during a time when Bitcoin has hit all-time highs before backing off by over 15% erasing billions in gains. The FCA states: “The FCA is aware that some firms are offering investments in cryptoassets, or lending or investments linked to cryptoassets, that promise high returns. Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high ris...