Idaho Dept. of Finance Releases Investor Advisory on Digital Currency
The number of states that have so far made public comment (or have otherwise already issued some sort of consumer/investor alert) on digital currencies is growing rapidly. Most recently, we saw that California and New Mexico officials were warning the public of potential risks, and now we can add the "Potato State" to the list. Idaho's Department of Finance on Tuesday released a guidance entitled It pays to know what's in your e-Wallet, which aims to inform citizens of the states of potential dangers one may encounter upon investing in a digital currency like bitcoin. And what better way....
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The finance department of the U.S. state of Idaho has warned investors of a series of cryptocurrency scams promising returns as high as 80% every 24 hours with no risks to investors. Crypto Scams Promising High Returns The Idaho Department of Finance announced Wednesday “a series of fraudulent cryptocurrency schemes seen recently targeting Idaho investors.” The regulator detailed: The companies purport to provide high returns with no risks to the investor. These fraudulent schemes are operating under the names and websites of Crypto FX Direct, Shield Investors Ltd., Quartz FX....
Indiana is joining the ever-growing lists of states making comments on bitcoin. The "Informed Investor Advisory" came in the form of a document entitled "Are You An Informed Investor?" released by The Office of the Indiana Secretary of State [direct link] which essentially echoes sentiments the crypto-currency community has heard time and time again. Therein, the following points are made: Digital currencies are minimally regulated, and if they disappear, they're likely to be gone without any recourse for the owner. Digital currency amount are not in any way backed by the Federal Deposit....
Michigan Attorney General Bill Schuette’s office has released a broad advisory on digital currencies, stating they carry “real-life risk” and urging consumers to learn more about bitcoin and other currencies before purchasing or using them. The advisory echoes similar releases by other state agencies, many of which have been published in the last six months. Warnings cover price volatility, tax considerations and the broader digital risks that consumers face when spending on the Internet. In a statement, Schuette suggested that digital currencies need to be treated carefully by the....
Are you a young investor who is new to investing? Or are you an experienced investor who needs assistance in analyzing the existing portfolio? Either way, Nord Finance has some news for you! Nord Finance, a company whose sole mission is to make Decentralized Finance more accessible, launched its much-awaited product, Nord Advisory, on the 9th of August 2021! The product Nord Advisory, which works on DeFi in a non-custodial and permissionless way, gives users the power to control their digital assets. Additionally, it has moved one step forward in making investing more than just buying and....
Two Brigham Young University-Idaho off-campus housing developments recently announced they will allow residents to pay for rent with Bitcoin. EdgeCreek Property Management, which provides BYU-Idaho approved housing, is accepting Bitcoin in both the Nauvoo House for Men and the Mountain Pines Apartments for Women. This is a huge step forward for cryptocurrency, especially Bitcoin. Although someone can pay bills with Bitcoin using services like BillPayForCoins, the recent news at BYU-Idaho will bring the ease of use and practicality of accepting Bitcoin to the forefront. There are a few....