The Financial Conduct Authority (FCA) has warned people are at a “high risk of losses” if they invest in cryptocurrencies such as bitcoin.
This warning came as bitcoin’s value fell 20 percent yesterday (11 January) – the equivalent of wiping $10,000 off a single coin.
The FCA is not the only regulator scrutinising the sector. The Treasury has launched a consultation into the regulation of cryptoassets amid concerns about consumer risk levels.
Professional ...