Britain 's financial watchdog has warned investors they risk losing all of their money in ICOs. Even then, potential investors were assuming multiple risks, the FCA said, including the alck of regulation, no investor protection, price volatility and the potential for fraud to name but just a few. FCA (FCA) issued a statement on earlier this month saying people should only invest in digital coin sales if they are experienced investors, are confident in the quality of the project, and are prepared to lose their entire stake. The warning comes after the Chinese government acted to outlaw ICOs altogether Tuesday , in a move which may be followed by the banning of digital currency exchanges. Risks highlighted by the The Financial Conduct Authority include lack of regulation, price volatility and potential fraud.
Britain 's financial watchdog has warned investors they risk losing all of their money in ICOs. FCA (FCA) issued a statement on earlier this month saying people should only invest in digital coin sales if they are experienced investors, are confident in the quality of the project, and are prepared to lose their entire stake. The warning comes after the Chinese government acted to outlaw ICOs altogether Tuesday , in a move which may be followed by the banning of digital currency exchanges. Risks highlighted by the The Financial Conduct Authority include lack of regulation, price volatility and potential fraud.