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Swedish Regulator Warns Consumers Over Crypto Investment Product Risks
The Financial Supervisory Authority said investment products such as bitcoin ETPs carry "significant" risk for consumers.
Updated Sep 14, 2021, 12:14 p.m. Published Feb 22, 2021, 2:57 p.m.
Sweden's Financial Supervisory Authority (FSA) has warned that investments such as bitcoin exchange-traded products (ETPs) may be unsuitable for retail consumers.
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- In an announcement Monday, the regulator said it had carried out a thematic review of the market for financial products with underlying crypto assets and found a "high risk" that consumers would lose money on their investments.
- FSA Director General Erik Thedéen said such products are unsuitable for most, if not all, retail investors as consumer protections are "inadequate" and crypto assets are "difficult, if not impossible, to value on a credible basis."
- Sweden is home to one of the first bitcoin tracker ETPs available on the FSA-regulated exchange NASDAQ/OMX in Stockholm.
Read more: Canada’s First Bitcoin ETF Hits $421.8M AUM in Two Days
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
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- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Iran accepts cryptocurrency as payment for advanced weapons
Prospective customers could purchase weapons such as missiles, tanks and drones using crypto, according to a government website.
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- Iran's Ministry of Defence Export Center is accepting cryptocurrency payments for advanced weapons systems as a means of bypassing international sanctions that the country faces.
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