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Evening Standard
Evening Standard
Vicky Shaw

FCA boss highlights issue of young people turning to crypto for investments

Financial Conduct Authority boss Nikhil Rathi told the Treasury Committee one thing he thinks ‘is not great is the sheer number of under 35-year-olds for whom the financial product that they invest in first is crypto’ (Dominic Lipinski/PA) - (PA Archive)

City regulator boss Nikhil Rathi has described the volume of young people turning to cryptocurrency as their first taste of investment as “not great”.

Mr Rathi, chief executive of the Financial Conduct Authority (FCA), also told MPs that it could take decades for consumer culture to change in terms of people who are more risk-averse with their money.

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