Hargreaves Lansdown, the UK's largest retail investment platform, warns retail investors against investing in cryptocurrencies
PANews reported on October 10th that the Financial Times reported that Hargreaves Lansdown, the UK's largest retail investment platform, has issued a warning to UK investors about the risks of cryptocurrency exposure, stating that despite a shift in regulatory stance, Bitcoin "has no intrinsic value." This week, Hargreaves Lansdown stated that the UK Financial Conduct Authority (FCA) has lifted a four-year ban, allowing retail investors to hold regulated cryptocurrency products. However, Hargreaves Lansdown believes that cryptocurrencies do not have the characteristics to be included in investment portfolios for growth or income, and should not be relied upon to achieve financial goals. "Bitcoin is not an asset class." However, the platform has not ruled out the possibility of offering cryptocurrency products on its platform, and will allow some people to access such products early next year, subject to passing a suitability test and assessing client needs and risk considerations over the coming months.

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