IOSCO Warns Investors on Crowdfunding & Bitcoin Risks

IOSCO Warns Investors on Crowdfunding & Bitcoin Risks

The International Organization of Securities Commissions – IOSCO – has put crowdfunding on their list of investors risks, together with Bitcoin and other cryptocurrencies. Investors all over the world are looking for ways to diversify their portfolio. Rather than sticking with government bonds, stock market trading, or foreign currency, new and disruptive models are starting to gain more traction. Among these concepts are both crowdfunding and digital currencies, both of which pose a significant investor risk according to IOSCO.

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Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.

Jim Rickards, American Lawyer, Economist and Investment Banker