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Britain's top financial services regulator, the Financial Conduct Authority, on Monday warned that investments and lending products related to Bitcoin and cryptocurrencies come with “very high risks.”
"The FCA is aware that some firms are offering investments in cryptoassets, or lending or investments linked to cryptoassets, that promise high returns. Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors’ money. If consumers invest in these types of product, they should be prepared to lose all their money."— U.K. Financial Conduct Authority