Some regulators believes that crypto is becoming the greatest threat to investors nowadays.
We see a lot of crypto millionaire stories all over the internet, and it shooted up especially went Dogecoin suddenly went sky rocketing after Elon tweeted about it. This, is one of the many reasons why a lot of people started to invest on crypto without actual knowledge on how crypto works.
From a report of CNBC NEWS
The annual survey of North American securities regulators urged investors to exercise caution before purchasing popular and volatile unregulated investments, especially those involving cryptocurrency and digital assets.
“The most common telltale sign of an investment scam is an offer of guaranteed high returns with no risk. It is important for investors to understand what they are investing in and with whom they are investing,” said Melanie Senter Lubin, NASAA President and Maryland Securities Commissioner.
People really do often forget that there will always be risks present on whatever we do, I mean just compare it with walking there is always that risk of falling.
