SEC Warns Bitcoin's Hype May Put Investors At Risk
The US Securities and Exchange Commission (SEC) has released a new alert, warning investors about the risk of fraud in the digital currency industry. In its latest guidance, the SEC, a federal organisation tasked with enforcing US securities law, advised investors to be wary of promises of large returns on investments in bitcoin ventures and schemes: "A new product, technology, or innovation - such as bitcoin - has the potential to give rise both to frauds and high-risk investment opportunities." Lack of controls, oversight. According to the SEC, there are several warnings signs that....
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The Financial Conduct Authority said investors in cryptocurrency products offering high returns should be prepared to lose "all their money."
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The sentiment surrounding Bitcoin to kick off 2021 was the highest it has ever been, with FOMO stretching from retail to corporations and institutions. However, things are quickly taking a turn for the negative. Pouring salt in the sudden and fresh wound, the United States Securities and Exchange Commission just issued a warning to investors […]