UK’s FCA Warns Investors of High-Risk Crypto Investments and Scams

-




The Financial Conduct Authority (FCA) warned investors on Monday they should be prepared to lose “all their money” if they choose to invest in cryptocurrency products offering high return scams


  • The U.K. financial regulator said consumers should make sure they understand what they are investing in and the associated risks, as they would with all high-risk and speculative investments.
  • “Consumers should be wary if they’re contacted out of the blue, pressured to invest quickly or promised returns that sound too good to be true,” said the FCA.
  • The FCA also warned there is significant price volatility in crypto assets and it can be hard to value crypto assets reliably, which places consumers at a high risk of losses.
  • Consumers for crypto asset-related investments are unlikely to have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if something goes wrong, the FCA added. 
  • The FCA's ban on the sale of cryptocurrency derivatives and exchange-traded notes – brought in as a consumer protection – went into effect on Jan. 6.
  •                 The FCA recommended victims of these scams can reach out to various Crypto-Assets Investment Recovery Companies that offer Legit services to claim their Investment back.



DISCLOSURE


The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.



Tags:

#bitcoins #data #recovery #howtorecovermystolenbitcoin #help #datrekrecoverycompany #recoverbitcoin #cryptorecovery #crytocurrency #bitcoinchargeback #investmentscam #crypto-asset #Trustedcompany #legit #waystorecoverlostbitcoin #bitcoin #news #blog #stories #data #recovery #howtorecovermystolenbitcoin #help #recoverbitcoin #cryptorecovery #crytocurrency #bitcoinchargeback #investmentscam #crypto-asset #Trustedcompany #legit #waystorecoverlostbitcoin #Investment #binary option #forex #ethereum #published #read #posts #updates #newsupdates #crypto news #viralpost #content #read #insight #learn #improve  #datrek@protonmail.com #datrekrecovery #bitcoin #data #recovery #howtorecovermystolenbitcoin #help #crypto-asset #investmentscam #binaryoptions #forex #wecanhelp #legit #trusted #bitcoin #news #blog #stories #data #recovery #howtorecovermystolenbitcoin #help #recoverbitcoin #cryptorecovery #crytocurrency #bitcoinchargeback #investmentscam #crypto-asset #Trustedcompany #legit #waystorecoverlostbitcoin #Investment #binary option #forex #ethereum #published #read #posts #updates #newsupdates #crypto news #gain #Learn more #verified #legit news #current affairs #investment #cryptocurrency #recovery #cryptoassets #bitcoin #chargebacks #recoveryispossible #forex #binaryoptions #brokers #datrekrecoverycompany #DaTRekRecovery #forum #explore #bitcoinrecovery #howtorecoverlostbitcoin #cryptonews #facebooklive #facebookads #facebookpage #facebookmarketing #facebookmemes #facebookgaming #facebookgroup #facebookmemories #facebookadvertis #facebookshop #facebookpost #facebooklikes #biginvestors #facebookmarketplace #facebookquotes #facebooktips #facebooklike #facebookmessenger#facebookstatus #facebookbusiness #facebooklivestream #bitcoinguru #cryptocurrencymarket #btcnews #cryptolifestyle #investinbitcoin #cryptocurrency_news #cryptoinvesting #cryptocurrencyinvestments #bitmain #cryptotrader #antminer #cryptomarket #altcoin #cryptocurrencycommunity #cryptoinvestor #altcoininvesting #instaethereum #blockchainconference #bitcoininvestors #trading #trader #trading #stockmarket #forextrader #forextrading #forex #stocks #stocktrading #options #optiontrading #money #cash #investor #investing #futures #daytrader #daytrading#flipmoney #btc #makemoney #investment #bitcointrading #cryptocurrency #bitcoinmining #investor #forextrader #crypto #trading #marketing #cryptocurrencies #business #forextrading #bitcoinuk #bitcoinusa #stocks #forex #finance #trader #binaryoptions #bitcoin #bitcoininvestment #money #litecoin #entrepreneur #blockchain #wallstreet #daytrader#stockmarket #Cryptocurrencies #bitcoins #trading #investment #instamerchantpay#datrekrecovery #coinbase #trader #bitcoincharts #bitcoiner #bitcoinminer #forextrading #binary #forexsignals #eth #bitcoin #datrekrecovery #millionaires #bitcoinasia #investor #bitcoinusa #bitcoinbrasil #blockchaintechnology #forexlifestyle #bitcoininvestment #bitcoinsallday #altcoins #ripple #success #binance #usa #financialfreedom #ico #altcoin #explore #cryptoassets #howtorecoverlostbitcoin #exploremore #viralvideo #mustwatch #cryptomining #bitcoinwallet #bitcoinuk #investors


Location: United Kingdom

Comments

Post a Comment

Let us discuss Crypto

Popular posts from this blog

Was your bitcoin stolen? Are you a victim of fraud? Trusted and legit way to recover your stolen bitcoin, crypto and data

-
Image
GET HELP WITH  DATREK RECOVERY COMPANY ! RECOVER YOUR LOST CRYPTO ASSETS, BITCOIN, ETHEREUM, ICO, FOREX, AND BINARY OPTIONS  INVESTMENTS  FROM ONLINE FRAUD COMPANIES, BOTH REGULATED AND  UNREGULATED  BROKERS OR PLATFORMS. DaTRek Recovery is Germany's No 1 Trusted Crypto & Data Recovery Company. Throughout my entire existence, I have found only one actual recovery company that has been of tremendous help over time. I thought to share my experience with DaTRek Recovery on this blog to help others like me that were ripped off or had bitcoins stolen. I understand this is a terrible feeling to deal with, the fact that your money might be gone forever is overly crippling and affect one's mental and financial status. This trauma might be too challenging and difficult for most of us and we have regrets throughout life. You are well aware that in recent times, there has been an influx of crypto users across the globe and the risks involved in the use of cryptocurrencies have double
Read more

4 RECOMMENDED WAYS TO RECOVER YOUR CRYPTO - ASSETS INVESTMENTS AND STOLEN BITCOIN OR DATA FROM SCAMMERS

-
Image
CRYPTO-ASSETS INVESTMENT SCAMS     A fter a series of interactions and one-on-one meetings with Top security agencies and authorities worldwide such as the SEC, FCA, BlackRock, FSA, KPMG, PWC to mention a few, we discovered that consumers are being increasingly targeted by crypto-asset related investment scams in the UK, US, Germany, Sweden, Italy. Financial Asset Management Certain crypto-assets, like Bitcoin and Ether (also known as cryptocurrencies) are not regulated. This means that buying, selling or transferring these crypto-assets falls outside the remit of these financial Assets Authorities. The same is true for the operation of a cryptocurrency exchange. However, some types of crypto-asset products may be or may involve regulated investments depending on their nature and how they are structured. For example, firms that sell regulated investments with an underlying crypto-asset element may need to be authorised to do so. The FCA in particular has previously issued consumer
Read more

Cryptocurrency Transactions: How To Deal with Chargeback Issues

-
Image
Chargeback is a huge problem for cryptocurrency exchanges and trading platforms Virtually, all platforms dealing with cryptocurrencies have had to face chargeback issues. With the growing number of crypto users and merchants accepting payments in crypto, the chargeback problem has only increased. It might come across as shocking, but cryptocurrencies have a higher rate of chargeback than eCommerce platforms . In a conventional crypto purchase, chargebacks are not applicable. However, the problem is with modern crypto platforms that offer cryptos against the credit card or wallet payments. It is one of the major issues that crypto exchanges and firms have to deal with as crypto adoption increases. Cryptocurrency transactions: How to deal with chargeback issues Before we get into dealing with chargeback issues, there are some important concepts we need to understand. We will be going through how chargeback works, why it is in place, and how crypto firms can deal with it. Without wasting
Read more