Tag Archives: FCA

FCA Issues Warning Regarding Cryptocurrency CFDs

Featured The United Kingdom’s Financial Conduct Authority (FCA) has published a warning aimed at retail investors who may be considering or soliciting cryptocurrency CFDs (contracts for difference). The U.K. regulator emphasized the risks associated with the price volatility, charges and funding costs, leveraged trading products, and price transparency, asserting that such may […]

FCA Highlights Risks Of Cryptocurrency CFDs

November 14, 2017 9:37 PM Cryptocurrency “contracts for differences” are the latest product to vex the UK’s financial regulator. High leverage, price volatility, and varied fee structures make cryptocurrency CFDs “extremely high-risk, speculative products,” cautioned the FCA. On November 14, 2017, the United Kingdom’s Financial Conduct Authority issued a consumer warning about the risks of […]

Bitcoin gets watchdog warning: FCA urges caution by highlighting dangers of cryptocurrency contracts for differences

The UK’s top financial regulator today warned Britons of the dangers of investing in cryptocurrency contracts for differences (CFDs). The Financial Conduct Authority (FCA) issued a statement calling the investments “extremely high-risk, speculative products”. CFDs allow investors to bet for or against the price of a raft of financial and non-financial products. Using leverage, they […]

Bitcoin scam alert: ICO coin sale fraud warning for investors from FCA | City & Business | Finance

The price of bitcoin has jumped from around $600 to almost $5,000 in the space of 12 months. The huge rise in value has also led to higher prices in rival digital currencies such as ethereum – and also fuelled the popularity of ICOs. But the Financial Conduct Authority (FCA) is now warning that ICOs […]

FCA warns cryptocurrency investors over risks of ICOs

Investors in digital tokens that are supposed to represent holdings of cryptocurrencies were warned today that they risk losing all their money. The UK financial watchdog has said that investors seeking exposure to virtual currencies like Bitcoin and Ethereum should approach the fast-growing Initial Coin Offerings sector with care.  ICOs are digital ‘tokens’ or ‘coins’ […]

Cryptocurrency investors could lose all their money, FCA warns | Business

The financial regulator has issued a stern warning against a speculative frenzy over initial coin offerings (ICOs) in cryptocurrencies such as bitcoin that have been promoted by celebrities including Paris Hilton. The Financial Conduct Authority said anyone investing in ICOs should be prepared to lose all their money, with some of the schemes floated potentially […]

Should the FCA follow China in banning cryptocurrency firms from raising funds through Initial Coin Offerings (ICOs)?

Should the FCA follow China in banning cryptocurrency firms from raising funds through Initial Coin Offerings (ICOs)? Chris Carter, journalist and an expert in cryptocurrency, says YES. There are plenty of unethical money-making schemes that could tempt one to rally a column of angry investors to the front door of the FCA’s offices. ICOs are […]

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