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How to avoid fraud in cryptocurrencies

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Why do digital coins become the gold of today's idiots?

The answer is clear enough for me. the Klondike and ask for a complaint. All you have to do is sit down at your computer and hope that the riches come in streaming.

Although some scrambled as Ethereum are entirely legitimate, many offers of digital coins (ICOs) are not and have ensnared thousands of misinformed investors. (Ethereum is a platform for blockchain software).

A recent wave of coin bids has attracted the attention of government regulators, who have started a " Cryptosweep [19659005] across North America at the start of this year. Guardians of the state have made 46 actions of contrast in their crackdown with more on the way.

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Where are the federal guard dogs in the surveillance of fraudulent encryption? The U.S. Securities and Exchange Commission is considering whether to regulate digital currencies as securities. This is the Commodity Futures Trading Commission, which regulates derivatives markets. But neither agency did much of anything to curb the scams.

"Although not all ICO or cryptocurrency investments are frauds, it is important that individuals and companies that sell these products are aware that they are not doing it in a vacuum, and that state and state laws and regulations may apply. provinces, especially securities laws, "noted Joseph Borg, president of the North American Securities Administrators Association, who led the state regulators probe.

How to protect yourself? Here's what Borg recommends:

– If these products qualify as qualifications, they must be registered with the appropriate regulatory agencies or be eligible for exemption from registration.

– The securities registration process provides some protection for investors by submitting the offer to the regulatory review. But even registered offers can be fraudulent.

– Investors must perform due diligence before investing in any product related to the IC or cryptocurrency.

"Be cautious when it comes to promoters who claim that their ICO offer is exempt from registration of securities but you do not ask for information about your income, assets or level of sophistication of investment," Borg said . "Do your homework and contact your state or provincial headline governor with some concern before separating yourself from your hard-earned cash – after that it may be too late."

To contact your state / county authorities, click here. & Nbsp;

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Why digital coins become the gold of today's idiots?

The answer is clear enough for me You do not have to rush to California or Klondike and file a claim. what you have to do is sit down at your computer and hope that the riches flow.

Although some scrambled as Ethereum are entirely legitimate, many offers of digital coins (ICO) are not and have ensnared thousands of misinformed investors. (Ethereum is a platform for blockchain software).

A recent wave of coin offerings has attracted the attention of government bond regulators, who at the start of this year launched a "Cryptosweep" in all over North America, their crackdow n with others coming in.

Where are the federal guard dogs in the police to encrypt the frauds? The US Securities and Exchange Commission is considering whether to regulate digital currencies as titles. This is the Commodity Futures Trading Commission, which regulates derivatives markets. But neither agency did much of anything to curb the scams.

"Although not all ICO or cryptocurrency investments are frauds, it is important that individuals and companies that sell these products are aware that they are not doing it in a vacuum, and that state and state laws and regulations may apply. provinces, in particular securities laws, "noted Joseph Borg, president of the North American Securities Administrators Association, who led the state regulators probe.

How to protect yourself? Here's what Borg recommends: [19659001] – If these products qualify as qualifications, they must be registered with the appropriate regulatory agencies or be eligible for exemption from registration.

– The securities registration process offers some protection to investors by submitting the regulatory review offer, but also registered offers may be fraudulent.

– Investors must perform due diligence before investing in any product related to the IC or cryptocurrency.

"Be cautious when it comes to promoters who claim their ICO offer is exempt from registration of securities, but do not ask for information about your income, assets or level of sophistication of investment," Borg said . "Do your homework and contact your state or provincial headline governor with some concern before separating yourself from your hard-earned cash – after that it may be too late."

To contact your governmental / provincial body, click here.

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