Latvian regulators warn public about cryptocurrency fraud
Crypto remains under-regulated, so Latvian investors need to be extra vigilant, says the FCMC. Latvia's Financial and Capital Market Commission has identified suspect transactions and attempted fraud in the domestic cryptocurrency space.In an official warning published on Oct. 19, the FCMC urged investors to "be particularly vigilant, as cryptocurrencies operate in an infrastructure that is currently characterized by lower regulation than in the financial and capital markets." Within Latvia, the issuance and circulation of cryptocurrencies is mostly unregulated, with exceptions for certain....
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