‘Complex and volatile’: cryptocurrencies should be regulated by financial watchdogs, say consumer advocates

Ireland News News

‘Complex and volatile’: cryptocurrencies should be regulated by financial watchdogs, say consumer advocates
Ireland Latest News,Ireland Headlines
  • 📰 Guardian news
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 68%

Treasury inquiry told ‘crypto is high-risk and unsophisticated investors are at high risk of losing significant funds’

Consumer groups have called for strong financial regulation of cryptocurrency markets and investments in Australia, saying crypto assets are “complex,In a submission to the federal treasury’s consultation paper on cryptocurrency, consumer group Choice has urged the federal government to “strongly consider regulating all crypto assets under the existing financial product regulatory regime for better outcomes for consumers and the community”.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Guardian news /  🏆 28. in UK

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Complex and volatile’: cryptocurrencies should be regulated by financial watchdogs, say consumer advocates‘Complex and volatile’: cryptocurrencies should be regulated by financial watchdogs, say consumer advocatesTreasury inquiry told ‘crypto is high-risk and unsophisticated investors are at high risk of losing significant funds’
Read more »

Boris Johnson accused of abusing ministerial code so rule-breakers can avoid sackBoris Johnson accused of abusing ministerial code so rule-breakers can avoid sackFormer member of government’s ethics watchdog urges Conservative MPs to challenge PM’s revisions
Read more »

Eurovision winners Kalush Orchestra auction off trophy for Ukrainian armyEurovision winners Kalush Orchestra auction off trophy for Ukrainian armyWinning bid was attributed to Whitebit, a cryptocurrency exchange, and came in the form of 500 ethereum
Read more »

Watchdog investigating another Met police strip-search of a childWatchdog investigating another Met police strip-search of a childConfirmation of further case follows those of two teenage girls known as Child Q and Olivia
Read more »

Third Met Police child strip-search case investigatedThird Met Police child strip-search case investigatedThe police watchdog confirms it is investigating the strip-search of a third child by the Met Police.
Read more »

Could a cartel of large energy consumers cut oil and gas prices?Could a cartel of large energy consumers cut oil and gas prices?Italy’s PM Mario Draghi suggests big consumers club together to limit how much is paid and raises idea of EU gas price cap
Read more »



Render Time: 2025-03-24 11:47:16