Crypto
Vt. officials highlight cryptocurrency investment risks
BURLINGTON, Vt. (WCAX) – Vermont’s Division of Monetary Regulation Thursday issued a warning regarding the danger of investing in Cryptocurrency.
It comes after a U.S.-based cryptocurrency change FTX not too long ago filed for chapter a number of weeks again. A number of crypto corporations have failed this 12 months as bitcoin and different digital currencies have collapsed in worth. FTX failed when it skilled the crypto equal of a financial institution run, and early investigations have discovered that FTX staff intermingled belongings held for patrons with belongings they had been investing.
Darren Perron spoke with Ethan McLaughlin, assistant basic counsel for the Vermont Division of Monetary Regulation, concerning the potential pitfalls of cryptocurrency.
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