FCA: 'Get rich quick' crypto investors do not understand the asset
Amid increased scrutiny of the asset class
Investors in cryptoassets such as bitcoin are often looking to "get rich quick", despite knowing little about the asset or doing no research before buying, FCA research has suggested.
In a comprehensive quantitative and qualitative study of 2,132 consumers, the Financial Conduct Authority (FCA) found "potential harm" as more than 70% of consumers do not understand cryptocurrency...
More on Regulation
Chris Davies: The FCA and your financial resilience
Systems, controls, governance and culture
FSCS hands out another £8.4m to LCF investors
Following more reviews
The value of value assessments: What next for AoVs?
Beyond the FCA's seven considerations
Nicky Morgan among trio to join FSCS board
Non-exec director
FCA sets out fresh best practice guidance for vulnerable customers
‘Ensure vulnerability is taken seriously’
More news
STM acquires Berkeley Burke SSAS and international businesses in £3m deal
STM Group has acquired failed self-invested personal pension (SIPP) provider Berkeley Burke’s small self-administered (SSAS) scheme and its international pension businesses in a deal worth almost £3m.
Guy Stephens: Bracing for the Brexit second wave
UK equity market has fallen behind the rest of the world
CII launches MBA to help advisers better understand Islamic financial principals
With Bolton University
'Sea-change' in adviser ESG perception - Rathbones research
75% say ESG can ‘enhance returns'
North East-based Seven Bridges makes first acquisition
Plan for growth
