By Nicholas Larsen, International Banker
On January 10, the North American Securities Administrators Association (NASAA) released its annual list of top investor threats, and, without breaking a sweat, investments tied to cryptocurrencies and digital assets grabbed the top spot. As such, the conversation around the global regulation of this still relatively new asset class continues to become ever more pertinent.
“By far, NASAA’s securities regulators revealed that investments related to cryptocurrencies and digital assets is our top investor threat,” said Joseph P. Borg, Enforcement Section Committee co-chair and Alabama Securities Commission’s director. “Stories of ‘crypto millionaires’ attracted some investors to try their hand at investing in cryptocurrencies or crypto-related investments this year, and with them, many stories of those who bet big and lost big began appearing, and they will continue to appear in 2022.”
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