Britain 's financial regulator has warned that they risk losing all of their money in ICOs . The Financial Conduct Authority ( FA ) issued a statement on Monday 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 sell their entire stake . According to Coindesk, as of 1538 BST Bitcoins were trading 1.18% higher to $4,238.36. The warning comes after the Chinese government acted to outlaw ICOs altogether earlier this month , in a move which may be followed by the banning of digital currency exchanges . Issues highlighted by the FA include lack of regulation , price volatility and potential fraud .
Britain 's financial regulator has warned that they risk losing all of their money in ICOs . The Financial Conduct Authority ( FA ) issued a statement on Monday 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 sell their entire stake . The warning comes after the Chinese government acted to outlaw ICOs altogether earlier this month , in a move which may be followed by the banning of digital currency exchanges . Issues highlighted by the FA include lack of regulation , price volatility and potential fraud .