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. ...
Acquisition completed earlier this month.
Changes to take place by next year
Launched 18 November
Investment Association to create new labels