New York AG Issues Warning About Cryptocurrencies as Bitcoin Struggles to Recover

06/02 20:14

According Utoday,New York Attorney General Letitia James has issued an investor alert to investors to highlight various risks associated with cryptocurrencies.James has noted that the cryptocurrency market experienced a massive correction last month that affected both well-established cryptocurrencies as well as new projects.Cryptocurrencies may bring “more pain than gain” for market participants, she warns.James singled out high volatility, theft, and fraud among the main risks.
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