Cryptocurrencies: Risk And Recovery

Although cryptocurrencies are not 'new', it is only in recent years that ownership of digital assets has become widespread. Given the increased interest and value in the crypto market, it is unsurprising that fraudsters have sought to capitalise on the lack of regulation and investors' fear of missing out on potentially life-changing returns.

One of the supposed advantages of crypto is that the blockchain technology that underpins it is secure, transparent and more resilient to fraudulent misuse. It is therefore ironic that a vast number of scams have emerged in parallel with this growing market. The risk of falling victim to fraud, along with the highly volatile prices, have given crypto a reputation for being a precarious investment. Is that reputation fair?