California AG issues warning-laden guidance for public interested in buying crypto
California AG issues warning-laden guidance for public interested in buying crypto
In order to help customers "avoid the hype, [and] get the stats", Rob Bonta has created a page on the crypto shopping for dominated through scam listings, purple flags and other annoyances.
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With the cryptocurrency market becoming increasingly complex and intimidating, California Attorney General Rob Bonta decided to offer some tough advice to amateur crypto buyers. The California Attorney General's Office website now features a webpage so one can help newcomers to the crypto field "stay away from the hype, [and] get the records." "
"Don't fall for the illusion - Cryptocurrency, like any investment, involves significant risks, and there is no guarantee that you will achieve significant returns - or none -", Bonta in an announcement. "Our new website is intended to be a helpful resource for Californians curious about this risky new market."
—WatchOurCity.Com (@WatchOurCity)
The new web page emphasizes customer safety. It gives a two-sentence rationalization of what "cryptographic properties" are, plus a vocabulary list, and warns that:
"Even if there are no scams, crypto assets can be unstable, especially if you don't have enough records to make an informed judgment about how you spend your money."
In addition to that, the webpage focused on scams, red flags and how to "live safe". This fact is concise but complete. He reminded the reader of the resort to restriction jail if problems arise with a cryptocurrency purchase, but gave specific instructions on how and where to document a review. Along with explaining what a rug pull and pig butcher is, the manual reminded readers that celebrities get paid for what they say about crypto and the smart shopper doesn't fall for it. the fear of missing out.
California, which the fourth largest arena economic system, often overdoes it on crypto friendliness surveys and for its “crypto readiness” and development of prison infrastructure. In September, Governor Gavin Newsom issued a license and regulatory framework for digital property. Newsom said federal regulation needs to "focus more on virtual monetary assets" before states begin their regulatory efforts.
In order to help customers "avoid the hype, [and] get the stats", Rob Bonta has created a page on the crypto shopping for dominated through scam listings, purple flags and other annoyances.
News
With the cryptocurrency market becoming increasingly complex and intimidating, California Attorney General Rob Bonta decided to offer some tough advice to amateur crypto buyers. The California Attorney General's Office website now features a webpage so one can help newcomers to the crypto field "stay away from the hype, [and] get the records." "
"Don't fall for the illusion - Cryptocurrency, like any investment, involves significant risks, and there is no guarantee that you will achieve significant returns - or none -", Bonta in an announcement. "Our new website is intended to be a helpful resource for Californians curious about this risky new market."
—WatchOurCity.Com (@WatchOurCity)
The new web page emphasizes customer safety. It gives a two-sentence rationalization of what "cryptographic properties" are, plus a vocabulary list, and warns that:
"Even if there are no scams, crypto assets can be unstable, especially if you don't have enough records to make an informed judgment about how you spend your money."
In addition to that, the webpage focused on scams, red flags and how to "live safe". This fact is concise but complete. He reminded the reader of the resort to restriction jail if problems arise with a cryptocurrency purchase, but gave specific instructions on how and where to document a review. Along with explaining what a rug pull and pig butcher is, the manual reminded readers that celebrities get paid for what they say about crypto and the smart shopper doesn't fall for it. the fear of missing out.
California, which the fourth largest arena economic system, often overdoes it on crypto friendliness surveys and for its “crypto readiness” and development of prison infrastructure. In September, Governor Gavin Newsom issued a license and regulatory framework for digital property. Newsom said federal regulation needs to "focus more on virtual monetary assets" before states begin their regulatory efforts.
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