FCA head urges Britons not to invest in cryptocurrencies

by in Cryptocurrency News


Nikil Rati, who heads the FCA, has urged UK citizens to refrain from investing in digital currencies.

Speaking in London at one of the events, the representative of the regulator again drew attention to the risks of capital investments in such instruments. A cryptocurrency investor should be prepared to lose their money, as volatility will escalate at any moment, and the market will fall again.

Rati said: "As you know, we have repeatedly warned that crypto investors are in danger of losing all funds."

Trending: Pi Network Announced Launching Pi Wallet on the Testnet

The UK authorities are serious about the cryptocurrency industry. They will make every effort to ensure the transparency of the crypto market and remove unscrupulous participants from it.

Binance crypto exchange recently had problems with the UK authorities.

The FCA even demanded that the trading platform suspend services to traders, as it operates in the kingdom without a license.