To review the findings of the Financial Conduct Authority's consumer research on cryptoassets.
Summarises the FCA's research and draws on other recent cryptoasset papers/announcements.
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.
This research will further inform the approach the FCA eventually takes in clarifying the regulatory perimeter for cryptoassets.
Summary by experts in the field.
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-05-2019-0029Download as .RIS
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