The New Zealand Financial Markets Authority (FMA) has issued a strong warning to investors regarding the risks associated with cryptocurrency investments. Citing the rising popularity of digital currencies in New Zealand, the FMA cautions that this trend is accompanied by an increase in cryptocurrency scams. The FMA emphasizes that cryptocurrency investment should be considered high-risk speculation. Investors should be fully aware that they could lose their entire principal investment. This warning highlights the volatile nature of the cryptocurrency market and the potential for significant financial losses. Before investing in any cryptocurrency, New Zealand investors are urged to conduct thorough research and seek independent financial advice. Understand the specific risks associated with each cryptocurrency and be wary of promises of guaranteed high returns, as these are often indicators of scams. Protect your financial future by exercising extreme caution in the cryptocurrency market. ```