Topic: Finra Alert says bitcoin more than a bit risky - page 2. (Read 2904 times)
It's a damn shame apple stocks are not legal tender or they might be worth something.
Goodbye Wall Street/Institutional Money..
? its just a warning, they were aware of this
BTW, what is there that isn't highly speculative these days?
The derivatives market?
The derivatives market?
NEW YORK (MarketWatch) -- The Financial Industry Regulatory Authority, or Finra, on Tuesday issued an investor alert on bitcoin, saying digital currencies are "more than a bit risky." The agency said the alert was intended to caution investors about the risks inherent in buying and using digital currencies like bitcoin. That includes risks from speculative trading and potential fraud related to bitcoin companies, the alert said. The move came after the collapse of the bitcoin exchange Mt. Gox in late February, which filed for bankruptcy in Japan and the U.S. said it lost customers' bitcoins. "Digital currency such as bitcoin is not legal tender," the Finra alert said, which also warned about the lack of safeguards in place for consumers, the irreversibility of bitcoin transactions, and its association with illegal activities.
http://www.marketwatch.com/story/finra-alert-says-bitcoin-more-than-a-bit-risky-2014-03-11?reflink=MW_news_stmp
Goodbye Wall Street/Institutional Money..
http://www.marketwatch.com/story/finra-alert-says-bitcoin-more-than-a-bit-risky-2014-03-11?reflink=MW_news_stmp
Goodbye Wall Street/Institutional Money..
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