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<p>The Government has considered its approach to cryptoassets through the Cryptoassets
Taskforce - comprised of the Treasury, the Bank of England, and the Financial Conduct
Authority (FCA)<sup><sup>[1]</sup></sup>. The Government will be consulting on its
approach to cryptoassets this year.</p><p> </p><p>The FCA has issued consumer warnings
highlighting the risks of cryptoassets and warning that any individual investing in
cryptoassets should be prepared to lose money. Cryptoassets have also been added to
the FCA’s ScamSmart website, which helps consumers to avoid falling victim to common
types of scams and investment fraud.</p><p> </p><p>[1] https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/752070/cryptoassets_taskforce_final_report_final_web.pdf</p>
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