FCA: 'Get rich quick' crypto investors do not understand the asset
Amid increased scrutiny of the asset class
FCA publishes comprehensive crypto research
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...
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