New York Attorney General Letitia James has issued a warning reminding investors of the risks of investing in crypto.
Attorney General Letitia James, Thursday, June 2 Investors in crypto “Lost billions of dollars” told. Even digital assets traded on well-known and reputable exchanges that you might collapse taking attention Attorney GeneralTherefore, investments in crypto are for investors. “More pain than gain” He said he believed he had created it.
In addition to James New Yorkers should be extra careful when investing their money in crypto. called and may turn out to be a source of concern rather than wealth due to the volatility of these investments. stressed.
Unpredictability of the market, difficulties for investors to withdraw cash, high transaction costs and instability of some stablecoins In the warning, which touched on various factors, including where many digital currencies are unregulated was reminded.
James, made on Twitter in sharing the New Yorkers to be cautious and when investing in crypto don’t think twice called.
The cryptocurrency market is extremely unpredictable. Just last month, the market tumbled and investors lost hundreds of billions of dollars. New Yorkers should be cautious and think twice before investing their hard-earned money in this volatile market.
on the other hand New York Senate in the state earlier today proof of work (PoW) to crypto mining operations passed a bill that would ban
New York Senate Passes Proof-of-Work (PoW) Bill Targeting Cryptocurrency Mining
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