THEIR ARGUMENT IS A LIE AND IN VANE IS THEIR EFFORT.

Investors might “suffer harm from sudden and unexpected losses if they invest in these products”, the FCA said.

“Most consumers cannot reliably value derivatives based on unregulated crypto-assets. Prices are extremely volatile and as we have seen globally, financial crime in crypto-asset markets can lead to sudden and unexpected losses.
“It is therefore clear to us that these derivatives and exchange traded notes are unsuitable investments for retail consumers.”
Woolard has previously warned Facebook that its plans for a new cryptocurrency called Libra, due to be launched next year, will warrant intense scrutiny from regulators.
One of Facebook’s co-founders, Chris Hughes, said this month that Libra could allow corporations involved in the scheme to wield power over nation states.
One of the FCA’s concerns is the volatility in the price of digital currencies, with fluctuations in the value of bitcoin proving a prime example.