The United States Securities and Trade Commission warned investors on Thursday about their inability to help those who’ve lost money investing in digital currencies. It’s not a secret that the SEC is very wary about Bitcoin and crypto-currencies in general, and today they restated their concerns..
They’ve advised investors to exercise caution when dealing with digital assets such as Bitcoin, outlining that there is nothing State level or even Federal level regulators can do to help the victims of scams. Bitcoin’s history is rife with hacks and theft, but with new money entering the space the warning needed to be restated They further reiterate that they cannot help anyone who’ve been scammed through cryptocurrencies..
Due to Bitcoin’s anonymous nature, it can sometimes be very difficult to track down those involved with fraudulent projects and bring them to justice. ICOs are fundraising avenues for start-ups in the blockchain space and can be a great way to crowdfund a well thought out product..
The cryptocurrency market remains almost entirely unregulated, meaning investors need to be vigilant. Bitcoin and altcoin prices in the meantime continue to surge, making for a very exciting, albeit dangerous, playground for investors large and small..
http://bitcoinist.com/sec-warns-about-lack-of-regulation-in-cryptocurrency-markets/
