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Washington State issues warning towards digital currencies

Friday 13 November 2015 13:24 CET | News

The Washington State Department of Financial Institutions has issued a new warning to potential buyers of digital currencies such as Bitcoin.

The advisory offers a warning about investing in digital currencies, marijuana-related businesses and binary options. The majority of the item focused on the risk of unrealistic investment pitches, including those that seek to intentionally misinform investors.

The advisory also points to the fluctuating market value of digital currencies, as well as the threat of theft for holders.

This warning comes amid a heightened period of volatility that has seen the digital currency fluctuate between USD 300 and USD 500.


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Keywords: Bitcoin, online payments, digital payments, cryptocurrencies, blockchain, digital currencies, Washington State
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3






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