SEC Chairman Warns Against Crypto Investment Risks, Here’s Why
One of the forces not to be ignored as a crypto investor is the Security and Exchange Commission, SEC. The body does everything it can to either regulate crypto or scrap the industry if possible. Unfortunately, many digital operators, including network founders, exchange firms, and even top management in the space, have had issues with […]
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The U.S. Securities and Exchange Commission (SEC) has warned investors about the “risks with accounts that pay interest on crypto-asset deposits.” The warning coincides with the first enforcement action the agency took against crypto lending platforms.
SEC Warns About Risks in Interest-Bearing Crypto Accounts
The U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy and the Division of Enforcement’s Retail Strategy Task Force announced Monday that they have jointly issued an investor bulletin “to educate....
The ESMA analyzed the impact of COVID-19 on financial markets, highlighting the supposed risks linked to crypto investment. The European Securities and Markets Authority, the European Union's independent financial authority, has warned about the high risk of cryptocurrency investment.In its latest “Trends, Risks and Vulnerabilities” report published Wednesday, the ESMA analyzed the impact of COVID-19 on financial markets, highlighting the increased risks linked with investment in “non-regulated crypto-assets.”The authority mentioned that crypto assets saw a massive surge in value and....
The warning comes a day after the regulator's U.K. counterpart, the Financial Conduct Authority, also raised similar concerns.
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned the public about crypto investments that seem “too good to be true.” Meanwhile, the U.S. Treasury Department says that the recent crypto market turmoil underscores the urgent need for regulatory frameworks that mitigate the risks posed by digital assets.
SEC Chair Gensler’s Crypto Warning
SEC Chairman Gary Gensler cautioned investors last week about crypto lending platforms offering products that seem too good to be true, Reuters reported.
The securities....
Pétur Blöndal warns Icelandic people for the risks of virtual currency Auroracoin. Early this morning, the Auroracoin medium of exchange was discussed by the Economic and Trade Committee of Parliament. The Icelandic authorities expressed their concern about the currency, calling it risky business. They claimed that consumers needed to be educated and warned of the risks this virtual coin may pose. Pétur Blöndal, member of Parliament for the Independence Party and vice-chairman of the Committee, had little details to disclose but said there was an agreement regarding the fact that using the....