SEC Issues Bitcoin Investor Alert
It wouldn't be a complete week without some sort of government agency issuing a warning on bitcoin. And that is exactly what the United States Securities and Exchange Commission has done. The agency - who is responsible for enforcing securities laws - released this investor alert on Wednesday warning citizens of the perils of bitcoin. The alert, which starts with a primer of the digital currency makes the following points:"Investments involving Bitcoin may have a heightened risk of fraud." "Bitcoin users may be targets for fraudulent or high-risk investment schemes." "Using Bitcoin may....
Related News
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have warned investors of the risks of investing in funds with exposure to bitcoin futures. The SEC published an investor alert on funds trading in bitcoin futures Thursday. The alert comes from the SEC’s Office of Investor Education and Advocacy (OIEA) and the CFTC’s Office of Customer Education and Outreach (OCEO). They pointed out that some funds may engage in the trading of bitcoin futures contracts as a way to gain exposure to bitcoin, emphasizing that the cryptocurrency....
Singapore’s financial regulator has added Binance to the investor alert list, signifying that the crypto exchange is unlicensed to provide payment services in the nation. The Monetary Authority Of Singapore Adds Crypto Exchange Binance To The Investor Alert List As per a report from Bloomberg, the Monetary Authority of Singapore says Binance doesn’t have a […]
The U.K.’s advertising authority has sent an enforcement notice to more than 50 companies that advertise cryptocurrencies. “We will monitor for compliance and implement sanctions if we do not see improvements,” said the regulator. British Advertising Regulator’s ‘Red Alert’ Priority Issue The U.K. Advertising Standards Authority (ASA), the country’s regulator of advertising, announced Tuesday: We have issued an enforcement notice to over 50 companies which advertise cryptocurrencies, instructing them to review their ads and to ensure they....
It's been a while since we've heard about investor/consumer alerts on bitcoin, so why not start our Friday off with one from the State of Missouri'sSecretary of State? Jason Kander is throwing warning signs at investors who may just have an interest in putting their money into digital currencies. "With digital currency or any other emerging investment opportunity, the safest approach is to be cautious," he said in his statement. "It's important to recognize that in many cases not even the supposed Bitcoin and digital currency experts know enough about the product to help you make a fully....
Alabama state regulator Joseph Borg will reportedly issue a warning/consumer alert on digital currency (the most popular of which being bitcoin) Tuesday. The alert will advise both consumers and investors who have issues cashing out of bitcoin or troubles withdrawing to stop trading, at least until the problems they're experiencing get sorted out. Borg has served for 20 years on the Alabama Securities Commission, and is presently the administrator, and is known for forming the task force that brought down Jordan Belfort's Stratton Oakmont investment firm (a story chronicled in the 2013....