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Title: [2014-08-16] Feds to bitcoin users: You’re on your own The consumer watchdog sna Post by: cescan on August 16, 2014, 04:25:56 AM http://www.marketwatch.com/story/cfpb-to-bitcoin-investors-youre-in-the-wild-west-2014-08-11
The Securities and Exchange Commission issued its first alert last year, calling bitcoin a vehicle for Ponzi schemes. It issued another notice this May, citing bitcoin’s “potential to give rise both to frauds and high-risk investment opportunities.” Wall Street’s self-regulator, the Financial Industry Regulatory Authority, called bitcoin “more than a bit risky.” (Read: Regulators line up to crack down on bitcoin.) |