State, provincial regulators raise red flags on virtual currency

“Consumers may be headed for trouble when they turn over bank and brokerage pass codes to investment advisers or get pulled into investment scams involving digital currencies, state securities regulators said.  The North American Securities Administrators Association said digital currencies, such as Bitcoin, offer consumers another way of paying for goods and services, but they also provide a ‘fertile ground for scam artists to capitalize on … (their) increasing popularity and acceptance.’  The association’s members include state and provincial regulators in the United States, Canada and Mexico.”

http://www.reuters.com/article/2013/10/15/us-investing-risks-idUSBRE99E12V20131015

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