The Financial Conduct Authority (FCA) warns people about the risk of investing in cryptocurrencies, referencing price volatility, product complexity, charges and fees, marketing materials and consumer protection. 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SafeMoon listed three reasons why the V2 upgrade is expected to boost the demand for the token in a recent tweet:

Professor Prasad said buyers need to be aware when buying cryptocurrencies as there is almost no regulatory oversight.
Critics also highlighted that its website contained many spelling mistakes and grammatical errors. The website is no longer online and social media accounts promoting the tokens have also vanished.