{"id":5861,"date":"2022-05-31T07:37:19","date_gmt":"2022-05-31T05:37:19","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/05\/31\/complex-and-volatile-cryptocurrencies-should-be-regulated-by-financial-watchdogs-say-consumer-advocates\/"},"modified":"2022-05-31T07:37:19","modified_gmt":"2022-05-31T05:37:19","slug":"complex-and-volatile-cryptocurrencies-should-be-regulated-by-financial-watchdogs-say-consumer-advocates","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/05\/31\/complex-and-volatile-cryptocurrencies-should-be-regulated-by-financial-watchdogs-say-consumer-advocates\/","title":{"rendered":"\u2018Complex and volatile\u2019: cryptocurrencies should be regulated by financial watchdogs, say consumer advocates"},"content":{"rendered":"<p>Treasury inquiry told \u2018crypto is high-risk and unsophisticated investors are at high risk of losing significant funds\u2019<\/p>\n<ul>\n<li>\n<a href=\"https:\/\/www.theguardian.com\/technology\/ng-interactive\/2018\/may\/15\/the-guardian-app?CMP=cvau_sfl\">Get our free news app<\/a>; <a href=\"https:\/\/www.theguardian.com\/world\/guardian-australia-morning-mail\/2014\/jun\/24\/-sp-guardian-australias-morning-mail-subscribe-by-email?CMP=cvau_sfl\">get our morning email briefing<\/a>\n<\/li>\n<\/ul>\n<p>Consumer groups have called for strong financial regulation of cryptocurrency markets and investments in Australia, saying crypto assets are \u201ccomplex, <a href=\"https:\/\/www.theguardian.com\/technology\/2021\/dec\/12\/the-search-is-on-for-50m-in-lost-cryptocurrency-after-two-australian-exchanges-collapse\">volatile and high-risk<\/a> products that can cause harm to Australian consumers.\u201d<\/p>\n<p>In a submission to the federal treasury\u2019s consultation paper on cryptocurrency, consumer group Choice has urged the federal government to \u201cstrongly consider regulating all crypto assets under the existing financial product regulatory regime for better outcomes for consumers and the community\u201d.<\/p>\n<p><a href=\"https:\/\/www.theguardian.com\/world\/guardian-australia-morning-mail\/2014\/jun\/24\/-sp-guardian-australias-morning-mail-subscribe-by-email?CMP=copyembed\">Sign up to receive an email with the top stories from Guardian Australia every morning<\/a> <\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/may\/31\/complex-and-volatile-cryptocurrencies-should-be-regulated-by-financial-watchdogs-say-consumer-advocates\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/54a6eedcd20eb144e4389fe4a2af118ab37d20cf\/321_145_5007_3004\/master\/5007.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=79a05284f53485d019dee7d98b7b183e\" title=\"\u2018Complex and volatile\u2019: cryptocurrencies should be regulated by financial watchdogs, say consumer advocates\" \/>Treasury inquiry told \u2018crypto is high-risk and unsophisticated investors are at high risk of losing significant funds\u2019<\/p>\n<p>Get our free news app; get our morning email briefing<\/p>\n<p>Consumer groups have called for strong financial regulation of cryptocurrency markets and investments in Australia, saying crypto assets are \u201ccomplex, volatile and high-risk products that can cause harm to Australian consumers.\u201d<br \/>\nIn a submission to the federal treasury\u2019s consultation paper on cryptocurrency, consumer group Choice has urged the federal government to \u201cstrongly consider regulating all crypto assets under the existing financial product regulatory regime for better outcomes for consumers and the community\u201d.<br \/>\nSign up to receive an email with the top stories from Guardian Australia every morning  Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury inquiry told \u2018crypto is high-risk and unsophisticated investors are at high risk of losing significant funds\u2019 Get our free news app; get our morning email briefing Consumer groups have called for strong financial regulation of cryptocurrency markets and investments in Australia, saying crypto assets are \u201ccomplex, volatile and high-risk products that can cause harm &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/05\/31\/complex-and-volatile-cryptocurrencies-should-be-regulated-by-financial-watchdogs-say-consumer-advocates\/\"> <span class=\"screen-reader-text\">\u2018Complex and volatile\u2019: cryptocurrencies should be regulated by financial watchdogs, say consumer advocates<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":5862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5861"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=5861"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/5861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/5862"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=5861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=5861"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=5861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}