Recent Financial Conduct Authority (FCA) statements on the growth of cryptocurrency ownership among adults in the United Kingdom highlight the need to provide more support and protection for those investors Ziglu founder and CEO Mark Hipperson said.
A UK-based money app, Ziglu allows users to buy and sell cryptocurrencies. It is fully authorized and regulated by the FCA as an electronic money institution. If the sector is to keep growing protections are vital, Hipperson stressed.
“The key fact from the FCA research is increasing numbers of people now view cryptoassets as a complement or alternative to mainstream investments,” he said. “That underlines the need for companies in the sector to provide more support for investors. Although the FCA does not regulate crypto itself, companies providing crypto services can now be regulated and authorized by the FCA – we are at Ziglu. The crypto market is here to stay but it needs to be better at protecting investors.”