Brits warned over Bitcoin and cryptocurrency investment risks

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BRITS have been warned that they risk losing ALL of their money if they invest in bitcoin and other cryptocurrencies. The financial watchdog flagged the risks after the price of bitcoin rocketed to…

BRITS have been warned that they risk losing ALL of their money if they invest in bitcoin and other cryptocurrencies.

"If consumers invest in these types of product, they should be prepared to lose all their money," the financial regulator said.THE Financial Conduct Authority which creates the rules for the banking industry has warned people about the risks of investing in cryptocurrencies.: Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements.

 

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Big banks running scared.

THEJamesWhale Said it all along Emperors new clothes

THEJamesWhale Can't get mine out. Now need to upload photo ID to the exchange to get my money out and there's no way I'm doing that, especially after that Parler breach. I don't trust the exchange.

Any pauper caught prospering will be punished........

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