The New Zealand Financial Markets Authority (FMA) has issued a warning about the risks associated with cryptocurrency investments. The FMA highlights the volatility of digital assets, the lack of regulatory oversight, and the prevalence of scams as significant concerns. As cryptocurrency popularity rises in New Zealand, the FMA advises investors to exercise caution and be prepared for the possibility of losing their entire investment. The agency categorizes cryptocurrencies as high-risk speculative investments and urges individuals to take prudent measures to protect themselves.