New Zealand Financial Markets Authority Issues Warning on Cryptocurrency Investment Risks and Scams

Odaily Planet Daily News: The New Zealand Financial Markets Authority (FMA) has issued a warning about the risks of cryptocurrency investment, highlighting the volatility of digital assets, lack of regulation, and rampant scams. As cryptocurrency continues to gain popularity among New Zealanders, the FMA urges investors to act with caution 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. (FinanceFeeds)