“Most Bitcoin Trading Faked by Unregulated Exchanges, Study Finds,” The Wall Street Journal, March 23, 2019. More than 90% of reported trading in cryptocurrencies was fraudulent, study finds. “Of the roughly $6 billion in reported daily volume during four days in March, the firm calculated that about $273 million was legitimate.”
When do you suspect that the information your are being given isn’t true? What controls do you have in place, and what laws or regulations control? Is a bitcoin a security within the reach of the US securities laws? If not, who’s in charge?
Do you want a bit more control over this, or is “buyer beware” enough protection for the savyy investor?
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