New Zealand regulator warned of the risk of investing in crypto assets
The Financial Markets Authority (FMA) has warned New Zealanders about the risk of investing in cryptocurrencies, their high volatility, and the lack of industry regulation in the region. The FMA said that New Zealanders who have considered buying cryptocurrencies should be aware that these are “high risk and highly volatile” assets. “Cryptocurrencies are not regulated in New Zealand and are often used by scammers and hackers,” said an FMA spokesman. Earlier this week, the UK…
