Texas says cryptocurrencies “are a threat”
The State Securities Board ensures that users must be "very careful" with the use of digital assets such as bitcoin, ethereum, among others
The Texas State Securities Board recently included cryptocurrencies in the list of investments with which care must be taken.
Initially, the promoters of this initiative did not include any details or audited records that support this theory of digital assets.
On the other hand, this group did indicate that “safe” investments related to cryptocurrencies and the known “guaranteed profits” should be approached with extreme caution, because cryptocurrencies tend to be extremely volatile and investors may be unable to liquidate quickly products linked to them, notes the guide issued by the Texas Board.
Taking the aforementioned, the Texas Securities Board would align with the vision of the Association of Securities Administrators of North America (NASAA), which considered cryptocurrencies one of the main threats to investors in 2020.