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