UK regulator worried about people following reality star's Bitcoin advice
 

Apparently people are dumb enough to follow telly stars when it comes to investment

Kim Kardashian has been blasted by the head of the UK's Financial Conduct Authority (FCA) for an Instagram ad asking her 250 million Instagram followers to speculate on cryptocurrency.

In a speech for the Cambridge International Symposium on Economic Crime, FCA chair Charles Randell highlighted the risks of investing in the technology, particularly new coins backed by celebrities.

Randell was worried her fans could lose a fortune in the cryptobubble because they have little understanding of the risks associated with cryptocurrencies to purchase due to the "powerful fear of missing out".

https://fudzilla.com/news/53488-us-r...bitcoin-advice