The Financial and Consumer Affair Authority is warning consumers of the potential risks of investing and trading in cryptocurrency. That’s digital money that is not legal tender. It’s not issued by a bank and no financial institutions are involved in transactions. Digital money is sent from one person’s computer to another through a peer-to-peer network. The most popular type is the Bitcoin. FCAA Acting Deputy Director of Enforcement Securities Division, Harvey White says, “If you choose to use or invest in cryptocurrency, do your due diligence and know what you’re dealing with.” He says you should contact a professional advisor and if you don’t fully understand the risks, you shouldn’t get involved.
Cryptocurrency Warning
By Steve Chisholm
Oct 31, 2018 | 10:24 AM