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Cryptoassets consumer research points to ignorance and risky behaviour

Journal of Investment Compliance

ISSN: 1528-5812

Article publication date: 21 August 2019

Issue publication date: 16 October 2019

Abstract

Purpose

To review the findings of the Financial Conduct Authority's consumer research on cryptoassets.

Design/methodology/approach

Summarises the FCA's research and draws on other recent cryptoasset papers/announcements.

Findings

The research finds consumers do not understand crytpoassets well, and not many of them buy them; those that do see them as a fast track to wealth.

Practical implications

This research will further inform the approach the FCA eventually takes in clarifying the regulatory perimeter for cryptoassets.

Originality/value

Summary by experts in the field.

Keywords

Citation

Rice, B. and Williams, B. (2019), "Cryptoassets consumer research points to ignorance and risky behaviour", Journal of Investment Compliance, Vol. 20 No. 3, pp. 23-24. https://doi.org/10.1108/JOIC-05-2019-0029

Publisher

:

Emerald Publishing Limited

Copyright © 2019, Ashurst LLP