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Watchdog to crypto investors: be prepared to lose all your money

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The UK’s Financial Conduct Authority (FCA) just issued a dire warning to cryptoasset investors in a release entitled, “FCA warns consumers of the risks of investments advertising high returns based on cryptoassets.” And the whole thing is about how people who invest in cryptoassets, like Bitcoin, Ethereum, or XRP, should beware of the high risks. Within it, they warn, “If consumers invest in these types of product, they should be prepared to lose all their money.” The Resident has thoughts. Follow her at http://www.twitter.com/TheResident

#QuestionMore #RTAmerica #TheResident #Crypto #Bitcoin

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Category
U.S. & Canada
Tags
Financial conduct authority, fca, watchdog
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