Don’t listen to your fav influencers, FCA warns

LONDON (CU)_Over the recent months, cryptocurrencies have become increasing popular across the globe, with a selected number of countries adopting some of them as a legal tender, while other financial regulators considering the possibility of launching their own digital currencies. However, some of the most developed economies in the Western world continue to remain sceptical regarding crypto assets, as authorities continue to caution the general public regarding the risks involved in them.

Earlier this week, a top financial regulatory body in the United Kingdom warned the growing number of consumers who invest in cryptocurrencies, wrongly believing them to be regulated, that they will have no financial protection if they lose their cash in such investments. “If you buy them, you should be prepared to lose all your money,” Charles Randell, chairman of the Financial Conduct Authority (FCA), said on Monday (6 September).

However, unlike the earlier warning issued by the financial regulator, this time…

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