Bradley Rice and Bisola Williams
To review the findings of the Financial Conduct Authority's consumer research on cryptoassets.
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.