Cryptoassets consumer research points to ignorance and risky behaviour

Abstract

Purpose To review the findings of the Financial Conduct Authority's consumer research on cryptoassets. Design/methodology/approach Summarises the FCA's research and draws on other recent cryptoasset papers/announcements. Findings The research finds consumers do not understand crytpoassets well, and not many of them buy them; those that do see them as a fast track to wealth. Practical implications This research will further inform the approach the FCA eventually takes in clarifying the regulatory perimeter for cryptoassets. Originality/value Summary by experts in the field.