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by
Adeniyi Olowoporoku
on
February 23, 2021 Regulation
Swedish Financial Supervisory Authority (FSA) has issued a warning to citizens regarding the trade of crypto-asset products. This comes after the regulatory body previously warned about the risks with trading in crypto-assets.
Crypto-assets Products Unsuitable for Retailers
The latest warning from the FSA was revealed in a blog post on the regulatory body’s website on Monday, Feb 22.
According to the report, the regulator revealed that it had taken a thematic review of the market for financial instruments that are backed by crypto-assets.
The result of which showed that there is a high risk that consumers will lose money on their investments. Also, the report stated that crypto-asset products like Bitcoin exchange-traded products might be unsuitable for retail consumers.