UK Regulator Gives Warning to Bitcoiners

The top brass at one of the UK’s leading financial regulators has given a stark warning to those investing in Bitcoin. Andrew Bailey of the Financial Conduct Authority said that people who had bought Bitcoin better be prepared to “lose all their money”. Presumably, he meant just the portion that they’d invested in cryptocurrency, however.
For Bailey, without central banking, or government backing, there was nothing at all to suggest that Bitcoin was a secure investment. H