New York Attorney General Warned Cryptocurrency Investors!

New York Attorney General has warned investors and companies operating in the industry.

The New York Attorney General has warned cryptocurrency investors. In the press release made by the Attorney General, both cryptocurrency investors and companies operating in the sector were warned separately. Attorney General Letita James said, “All investors should be extremely careful when investing in virtual currencies. Cryptocurrencies are high-risk, unstable investments that can cause losses as quickly as they can profit. We will not hesitate to take action against those who break the law. Two weeks ago we filed a lawsuit to stop Coinseed's fraudulent activity. Last week, we ended the illegal activities of both Bitfinex and Tether in New York. And now, today, we're sending a clear message to the entire industry: You either follow the rules or we'll shut you down.” In the warnings to investors, it was stated that trading in the current market faces risks such as sharp price fluctuations, conflicts of interest between trading businesses and the possibility of increased market manipulation. In addition, it is stated that many criminals use cryptocurrency for activities such as money laundering, illegal financing, tax evasion, human trafficking and blackmail. In the warnings for industry members, it was reminded that companies operating in New York should register with the Attorney General's Investor Protection Bureau. It was underlined that those who do not register will face both legal and criminal sanctions.     Source: Uzmancoin.com