The New Zealand Financial Markets Authority issues a warning about the risks of cryptocurrency investments and scams
ChainCatcher news, according to FinanceFeeds, the New Zealand Financial Markets Authority (FMA) has issued a warning about the risks of cryptocurrency investments, emphasizing the volatility of digital assets, regulatory gaps, and rampant fraud. As the popularity of cryptocurrencies continues to grow among New Zealanders, the FMA urges investors to act cautiously and take prudent measures to protect themselves. The agency describes cryptocurrencies as "high-risk speculative investments" and emphasizes that individuals should be prepared to lose their entire investment amount.