FCA highlights the risks of investing in crypto

The FCA has issued a statement following some recent social media posts regarding cryptoassets and NFTs. Whilst it cannot comment on individual products, it has warned consumers that there are no consumer protections for those who buy cryptoassets and NFTs and that they are not FSCS protected.

It has also set out some pointers for those marketing crypto, including a reminder to stick to the ASA guidelines and state that cryptoassets are not FCA-regulated.