Crypto investors 'should be prepared to lose all their money,' top UK regulator warns
Thinking of investing in a cryptocurrency? Be prepared to lose all your money.
That's the message from the U.K.'s Financial Conduct Authority, which on Monday warned investments and lending products related to crypto come with "very high risks."
"The FCA is aware that some firms are offering investments in cryptoassets, or lending or investments linked to cryptoassets, that promise high returns," the financial services regulator said.
"If consumers invest in these types of product, they should be prepared to lose all their money."
Copying/Pasting full or partial texts with adding very little original content are frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community and may result in the account being Blacklisted.