Online reports, according to FinanceFeeds, the New Zealand Financial Markets Authority (FMA) issued a warning on the risks of cryptocurrency investment, emphasizing the volatility of digital assets, lack of supervision and rampant fraud. As the popularity of cryptocurrencies among New Zealand continues to grow, the FMA urges investors to exercise caution and take prudent measures to protect themselves. The agency describes cryptocurrencies as a "high-risk speculative investment" and emphasizes that individuals should be prepared to lose their entire investment amount.