New Zealand Financial Markets Authority Issues Cryptocurrency Investment Risk and Scam Warning

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 fraud. As the popularity of Cryptocurrency among New Zealanders continues to grow, the FMA urges investors to exercise caution and take prudent measures to protect themselves, describing Cryptocurrencies as "high-risk speculative investments" and emphasizing that individuals should be prepared to lose their entire investment. (FinanceFeeds) [Odaily Planet Daily]