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Global Glosssary: Includes FCA Definitions & Handbook references

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Bait and Switch Scams

A scam to mislead buyers, whereby a seller advertises an appealing but ingenuine offer to sell a financial product or service that the seller does not actually intend to sell. Instead, the seller offers a sub-par, defective, or unwanted product or service. For crypto, this might be most relevant to non-fungible tokens.

» Global Glosssary: Includes FCA Definitions & Handbook references

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