Cryptocurrency is the top investor threat for U.S. securities regulators this year. crypto $BTC
“Before you jump into the crypto craze, be mindful that cryptocurrencies and related financial products may be nothing more than public facing fronts for Ponzi schemes and other frauds,” one regulator warned.The North American Securities Administrators Association released its “annual list of top investor threats” Monday.
“The top threats to investors were determined by surveying North American securities regulators to identify the most problematic products, practices, or schemes,” the association explained. “Investments tied to cryptocurrencies and digital assets” top the list of the threats most often cited by securities regulators, the association noted.By far, NASAA’s securities regulators revealed that investments related to cryptocurrencies and digital assets is our top investor threat.
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