How does the retail distribution review affect the investment options for digital currencies?

1 answers

• Nov 23, 2021 · 3 years ago
  The retail distribution review (RDR) has had a significant impact on the investment options for digital currencies. The RDR aims to ensure that financial advisors provide suitable advice to their clients and act in their best interests. This means that financial advisors need to have a good understanding of digital currencies and the risks involved. They also need to consider their clients' investment objectives, risk tolerance, and financial situation. The RDR has led to a more cautious approach towards digital currencies, with financial advisors being more diligent in assessing their suitability for their clients. However, it is important to note that the RDR does not prohibit investment in digital currencies. It simply requires financial advisors to provide clear and unbiased advice and ensure that the investment options they recommend are suitable for their clients.
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