Cryptocurrencies
New York Blasts Crypto Market as ‘High-Risk’ and ‘Unstable’
- It’s state’s sternest warning yet to investors -- and industry
- Virtual currencies are open to special abuses, AG James says
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New York’s top law enforcement officer issued a scathing statement on the cryptocurrency market, warning consumers about its susceptibility to “speculative bubbles” and abuse by criminals.
“Cryptocurrencies are high-risk, unstable investments that could result in devastating losses just as quickly as they can provide gains,” Attorney General Letitia James said Monday in an investor alert.