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. ...
And then prepare yourself
Aims to double client base
Work with wealth management team
Reduces chances of rate hike
'Following the letter, but not the spirit, of the rules'