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U.K. Regulator Warns Crypto Investors Risk Losing ‘All Their Money’

Russia's Largest Bitcoin Mine Turns Water Into Cash
Photographer: Andrey Rudakov/Bloomberg

The U.K.’s financial watchdog has a stark warning for consumers looking to profit from the latest crypto boom: be ready to lose everything.

“Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors’ money,” the Financial Conduct Authority said in a statement Monday. “If consumers invest in these types of product, they should be prepared to lose all their money.”