The UK FCA will hold a campaign for novice cryptocurrency investors
The regulator has launched a project on TikTok and on YouTube, worth £11 million ($15,25 million)
![The UK FCA will hold a campaign for novice cryptocurrency investors](https://storage.getblock.net/source/1/dPqufyHBLCiKpwHMuCXL0G2SW53ytMad.png)
20.10.2021 - 13:30
288
1 min
0
What's new? The UK Financial Control Authority (FCA) has launched a campaign on TikTok and YouTube to warn young people about the risks of investing in cryptocurrencies, iNews reports.
What is the regulator's opinion? According to FCA executive director Sarah Pritchard, the advertisement that targets UK residents aged 18 to 30, will inform them about the risks related to buying cryptocurrencies:
“We want to create confident consumers. This campaign is about empowering younger investors, not inhibiting them. We don’t believe that the actions of many of these new investors reflect what they describe as their tolerance to risk.”
What was the reason for launching the campaign? As part of the initiative, the regulator interviewed young investors (aged 18 to 40 years) who had invested in high-risk assets.
“Sixty per cent of those invested in high-risk assets said they want stable returns. We don’t want to limit choice, we are just asking investors to pause and consider. Are you prepared to lose all your money? If the answer is yes, then fine.” commented Pritchard.
Useful material?
Market
Australia’s largest financial institutions have refused to process payments to digital asset trading platforms due to the risk of fraud
Jul 26, 2024
Politics
According to the politician, the value of the country’s bitcoin reserves should equal the value of gold reserves
Jul 26, 2024
Mining
The capacity of the Bitaxe device used by the network participant is only 500 Gh/s
Jul 25, 2024
Trends
Meanwhile, Trump-inspired assets have not shown significant growth
Jul 22, 2024
Market
The fee will be as much as 2,5% compared to 0,25-0,19% for competitors
Jul 18, 2024
Market
This is the third consecutive month of decline
Jul 18, 2024