FCA issues warning on cyrptocurrencies as Bitcoin volatility continues

The FCA today issued a warning to retail consumers on investing in cryptoassets following Bitcoin's dizzying rise and fall again since the new year. The popular cryptocurrency is down 17% from the $41,500 peak it reached on 8 January, just three days ago. At the time of writing Bitcoin is trading at around $34,000. The British regulator appears concerned that unregulated firms are targeting consumers with marketing that promises high returns, that there may be some scam activity, and that consumers might not fully understand the risks associated with cryptoassets. The warning follo...