FCA warns of crypto investment risks as Bitcoin dives below $33K
The Financial Conduct Authority has warned the public about crypto investment as Bitcoin dove below $33,000. The United Kingdom's financial regulator, the Financial Conduct Authority, has posted a warning about cryptocurrency investment amid a major crash on crypto markets.In a Jan. 11 statement, the FCA said that crypto investment and lending are associated with a high level of risk, stressing that investors should be ready to lose all their money while investing in crypto.Citing a number of risks including price volatility, product complexity, and charges and fees, the FCA said that....
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The U.S. Securities and Exchange Commission (SEC) has warned investors about the “risks with accounts that pay interest on crypto-asset deposits.” The warning coincides with the first enforcement action the agency took against crypto lending platforms.
SEC Warns About Risks in Interest-Bearing Crypto Accounts
The U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy and the Division of Enforcement’s Retail Strategy Task Force announced Monday that they have jointly issued an investor bulletin “to educate....
The warning comes a day after the regulator's U.K. counterpart, the Financial Conduct Authority, also raised similar concerns.
One of the forces not to be ignored as a crypto investor is the Security and Exchange Commission, SEC. The body does everything it can to either regulate crypto or scrap the industry if possible. Unfortunately, many digital operators, including network founders, exchange firms, and even top management in the space, have had issues with […]
In a special report published today, the International Monetary Funds warns policy makers to prepare for investment outflows - and possible "runs" - amidst increased risks of fund asset sell-offs induced by the ending of quantitative easing. The report anticipates market volatility and low liquidity in the shadow banking system, with concern for the emerging market economies to which many mutual funds are heavily exposed. Geopolitical risk is alluded to but not discussed in the three part report. IMF Report: Risks of Derailment. Six years after the start of the crisis, the global economic....
The Central Bank of Sri Lanka has published a warning notice about the risks associated with cryptocurrency as interest and trading volumes of bitcoin and other cryptocurrencies surge locally and globally. Sri Lanka’s Central Bank Warns About Bitcoin The Central Bank of Sri Lanka has published a notice regarding cryptocurrency. “Considering the recent inquiries on virtual currency usage in the international and domestic markets, the Central Bank of Sri Lanka (CBSL) wishes to inform the public of the risks associated with investing in virtual currencies,” the notice....