Krypto exceeds the threats to investors for the US value paper supervisory authorities-

The state US WERTALPACHAUCHENSTECHEN have announced that cryptocurrency investments are their greatest threat to investors this year. "Before you get into the crypto madness, remember that cryptocurrencies and related financial products may be nothing more than public fronts for ponzi systems and other scams," warned a supervisory authority.

crypto is the biggest threat to US value paper supervisory authorities

The North American Securities Administrators Association (NASAA) published its “Annual List of Top Investor Drests” on Monday.

The NASAA was founded in 1919 and is a non -profit organization of state, provincial and territorial security supervisory authorities in the USA, Canada and Mexico. The association has 67 members, including the security authorities in all 50 US states, the District of Columbia, Puerto Rico and the American Virgin Islands.

"The greatest threats to investors were determined by surveys by the North American security supervisory authorities in order to determine the most problematic products, practices or systems," said the association. "Investments that are bound to cryptocurrencies and digital assets" lead the list of threats that are most frequently mentioned by the securities supervisory authorities.

The director of the Alabama Securities Commission, Joseph P. Borg, commented:

The NASAA securities supervisory authorities have shown that investments in connection with cryptocurrencies and digital assets are our greatest threat to investors.

He stated: "Stories of 'crypto millionaires' have attracted some investors to invest 2022 in cryptocurrencies or crypto-related investments."

The NASAA warned: "Digital assets do not fall cleanly in the existing regulatory framework for investors, and it could be easier for the promoters of these products to cupping the public. All investments are risking that some or all of the funds invested will be lost."

The director of the Enforcement Division of Texas State Securities Board, Joseph Rotunda, warned:

Before you get into the crypto madness, remember that cryptocurrencies and related financial products may be nothing more than public fronts for ponzi systems and other scams.

he continued: "Investments in cryptocurrency trading programs, participations in crypto mining pools, crypto depot accounts and securitized tokens should be seen as what they are: extremely risky speculation with high risk of loss."

What do you think that cryptocurrency investments are the greatest investor threat to the US Waterpaper supervisory authorities? Let us know in the comment area below.

Kevin Helms

Kevin, a student of Austrian economics, found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.

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