New Zealand Financial Markets Authority issues cryptocurrency investment risk and scam warning

Odaily News The New Zealand Financial Markets Authority (FMA) has issued a detailed warning about the risks of cryptocurrency investment, highlighting the volatility of digital assets, lack of regulation, and rampant scams. As the popularity of cryptocurrencies among New Zealanders continues to grow, the FMA urges investors to exercise 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 amount. (FinanceFeeds)