SEC tells investors to be wary of bitcoin futures due to volatility and fraud, as regulators ramp up …

sec tells investors to be wary of bitcoin futures due to volatility and fraud as regulators ramp up crypto scrutiny

Sumary of SEC tells investors to be wary of bitcoin futures due to volatility and fraud, as regulators ramp up crypto scrutiny:

  • The US market regulator has warned investors about investing in funds with exposure to bitcoin futures, saying the market is volatile, unregulated and has the potential for fraud..
  • Regulators are stepping up their focus on bitcoin and other cryptocurrencies, which boomed in the first five months of the year before falling sharply in May..
  • The SEC’s warning followed the suggestion from the top global banking regulator for tough new rules for financial institutions that have exposure to bitcoin….

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