Be prepared to lose everything, warns UK crypto regulator
The price of Bitcoin, the largest cryptocurrency, has more than quadrupled in the past year
11 January 2021 - 15:53
London — The UK’s financial watchdog has a stark warning for consumers looking to profit from the latest crypto boom: be ready to lose everything.
“Investing in crypto assets, or investments and lending linked to them, generally involves taking very high risks with investors’ money,” the Financial Conduct Authority said in a statement on Monday. “If consumers invest in these types of product, they should be prepared to lose all their money.”..
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