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cryptocurrency platform risks

The world’s biggest cryptocurrency Bitcoin has lost more than 60% of its value this year, while other digital assets have also fallen sharply. Cryptocurrencies are not currencies in the traditional sense, but are stored online and act more like investment vehicles or securities – often with a high degree of volatility. Their anonymity means they have been favoured for criminal activities such as drug dealing and ransomware attacks, but their supporters say there is huge potential for innovation – and independence from governments. Hong Kong’s financial markets watchdog has issued a warning over the risks of online platforms for cryptocurrency and other digital asset deposits. Can you invest in Cryptocurrency ?

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