UK Investors Face Crypto Confusion Amid Regulatory Changes
The UK's largest retail investment platform, Hargreaves Lansdowne, warns investors that cryptocurrencies like Bitcoin are not true asset classes and are highly volatile, advising caution despite recent regulatory changes allowing crypto ETNs in tax-free accounts. While some institutional interest remains, the firm emphasizes the risks and lack of intrinsic value in cryptocurrencies, urging investors to consider these factors carefully.