SEC warning to Bitcoin:

SEC warning to Bitcoin: "Scam, Ponzi Scheme"

On May 7th 2014, SEC, or the U.S. Securities and Exchange Commission, released a warning about the dangers of Bitcoin, such as calling Bitcoin a Ponzi scheme. Now whether or not that is true is up for debate, and I believe many users would voice strongly against that. That doesn’t mean the SEC was full of gibberish however, such as stating that potential investors must watch out for scams that try to entice with high returns in a new market. SEC also states that the use of Bitcoin may decrease the chances of you recovering your money lost due to theft due to the unique nature of Bitcoin,....


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