MPs in the UK want to regulate cryptocurrency. They say it is risky and enables illicit activities such as money laundering. Consumers are also at risk because it bypasses banks, so there is no protection from the Financial Conduct Authority should anything happen to their crypto-assets. The FCA agrees with the Treasury committees conclusion that bitcoin and similar crypto-asset are ill-suited to retail investors, and as we have warned in the past, investors should be prepared to lose all their money, the report says.”]