February 01, 2023




Home Cryptocurrency News Vt. officers spotlight cryptocurrency funding dangers – WCAX

Vt. officers spotlight cryptocurrency funding dangers – WCAX

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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 trade FTX just lately 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 experienced the crypto equivalent of a bank run, and early investigations have found that FTX employees intermingled assets held for customers with assets they were investing.

Darren Perron spoke with Ethan McLaughlin, assistant basic counsel for the Vermont Division of Monetary Regulation, in regards to the doable pitfalls of cryptocurrency.

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