People investing in cryptocurrencies risk losing all their money, according to the U.K.'s Financial Conduct Authority.Bitcoin and other virtual currencies plunged on Monday, wiping off $170 billion from the entire crypto market.Omar Marques | SOPA Images | LightRocket via Getty ImagesThat's the message from the U.K.'s Financial Conduct Authority, which on Monday warned investments and lending products related to crypto 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," the financial services regulator"If consumers invest in these types of product, they should be prepared to lose all their money."
*in other news* world governments are ram sacking private citizens bank accounts, stealing their life's savings as their native currency collapses! UNACCEPTABLE!!! Here's the headline: 'Bank deposit customers should be prepared to lose all their money.'
Seems like it's been holding value for a while now.
Lol, they’re just angry they can’t tax it.
Right on time with the fear.
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