Pennsylvania Dept. of Banking and Securities Issues Warning on Digital Currencies
Pennsylvania is joining increasing number of U. S. states issuing warnings on digital currencies. The Pennsylvania Department of Banking and Securities today released an announcement urging consumers, businesses, and investors to consider the risks of getting involved with digital currencies - namely bitcoin and litecoin. "These virtual currencies - unlike U. S. dollars - are not backed by tangible assets or the full faith and credit of the U. S. government, and currently are subject to little or no regulation in any country," said Glenn Moyer, Secretary of Banking and Securities. "In....
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