New York AG Issues Warning About Cryptocurrencies as Bitcoin Struggles to Recover

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New York AG Issues Warning About Cryptocurrencies as Bitcoin Struggles to Recover
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.TishJames has issued an investor alert about digital assets

The American lawyer and politician also notes that investors may struggle to cash out their investment during a major market crash since cryptocurrency exchanges tend to halt trading due to technical difficulties.

She adds that buying cryptocurrencies may come with high transaction fees and hidden trading costs. project, Letitia also took aim at stablecoin. She claims that these cryptocurrencies are not actually stable, and their quality can vary greatly. Finally, James also warned about conflicts of interest within the cryptocurrency industry, claiming some crypto exchange operators may make traders on their own platforms due to the lack of oversight.

Bitcoin is currently trading slightly above the $30,000 level after recently paring most of this week's gains.

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