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Cryptoassets consumer research points to ignorance and risky behaviour

Cryptoassets consumer research points to ignorance and risky behaviour <jats:sec> <jats:title content-type="abstract-subheading">Purpose</jats:title> <jats:p>To review the findings of the Financial Conduct Authority's consumer research on cryptoassets.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title> <jats:p>Summarises the FCA's research and draws on other recent cryptoasset papers/announcements.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Findings</jats:title> <jats:p>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.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Practical implications</jats:title> <jats:p>This research will further inform the approach the FCA eventually takes in clarifying the regulatory perimeter for cryptoassets.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Originality/value</jats:title> <jats:p>Summary by experts in the field.</jats:p> </jats:sec> http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Investment Compliance CrossRef

Cryptoassets consumer research points to ignorance and risky behaviour

Journal of Investment Compliance , Volume 20 (3): 23-24 – Oct 14, 2019

Cryptoassets consumer research points to ignorance and risky behaviour


Abstract

<jats:sec>
<jats:title content-type="abstract-subheading">Purpose</jats:title>
<jats:p>To review the findings of the Financial Conduct Authority's consumer research on cryptoassets.</jats:p>
</jats:sec>
<jats:sec>
<jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title>
<jats:p>Summarises the FCA's research and draws on other recent cryptoasset papers/announcements.</jats:p>
</jats:sec>
<jats:sec>
<jats:title content-type="abstract-subheading">Findings</jats:title>
<jats:p>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.</jats:p>
</jats:sec>
<jats:sec>
<jats:title content-type="abstract-subheading">Practical implications</jats:title>
<jats:p>This research will further inform the approach the FCA eventually takes in clarifying the regulatory perimeter for cryptoassets.</jats:p>
</jats:sec>
<jats:sec>
<jats:title content-type="abstract-subheading">Originality/value</jats:title>
<jats:p>Summary by experts in the field.</jats:p>
</jats:sec>

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Publisher
CrossRef
ISSN
1528-5812
DOI
10.1108/joic-05-2019-0029
Publisher site
See Article on Publisher Site

Abstract

<jats:sec> <jats:title content-type="abstract-subheading">Purpose</jats:title> <jats:p>To review the findings of the Financial Conduct Authority's consumer research on cryptoassets.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title> <jats:p>Summarises the FCA's research and draws on other recent cryptoasset papers/announcements.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Findings</jats:title> <jats:p>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.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Practical implications</jats:title> <jats:p>This research will further inform the approach the FCA eventually takes in clarifying the regulatory perimeter for cryptoassets.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Originality/value</jats:title> <jats:p>Summary by experts in the field.</jats:p> </jats:sec>

Journal

Journal of Investment ComplianceCrossRef

Published: Oct 14, 2019

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