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Of just one,100000 participants involving the age you are and forty, 70% incorrectly thought cryptocurrencies was regulated, 75% of young crypto traders advertised becoming inspired from the competition having family and friends, and you may 58% asserted that social networking enticed these to make high risk investments. Fewer than one in 10 potential cryptocurrency buyers was familiar with user cautions to the Monetary Conduct Authority (FCA) web site, and you can a dozen% away from crypto pages were not conscious that its holdings just weren’t protected by legal payment. Bodies in many countries have informed up against cryptocurrency and many have pulled actions to discourage users.

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