Legal concerns present barrier to crypto advice:

Published 14 May 2024

Just 1 per cent of financial advisers say they have often discussed cryptocurrency with their clients, CoreData said, fuelled by concerns of heavy legal expenses if the product goes wrong.

In its Australia’s Crypto Investors report, the firm identified 89 per cent of financial advisers who said they had never advised on cryptocurrency, demonstrating the scarcity of professional advice available on the topic.

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