US Bitcoin Investors Must Obey The Law If They Don't Want To Be Blocked

AS peringatkan investor Bitcoin (Gadgets NDTV)

JAKARTA - Recently, the government of the United States (US) warned bitcoin investors to be careful. This was stated by Letitia James as the Attorney General of New York, who emphasized that investors and business people must obey the rules that have been set.

"We are sending a clear message to the entire industry that you are playing by the rules or we will close it," said Letitia James, as quoted by CNBC International. Tuesday, March 2.

James also appealed to cryptocurrency businessmen to register with the Attorney General's Office of Investor Protection. Business actors who do not register must be charged under civil and criminal law.

Previously, the Attorney General sued a company that traded cryptocurrencies called Coinseed. Two weeks later, the Attorney General gave a warning to bitcoin investors in New York.

The New York Attorney General's Office claims that Coinseed served as a broker-dealer for three years. The company has also made a profit of 1 million US dollars and is not registered with the official authorities.

"We will not hesitate to take action against anyone who breaks the law," said James.

He added that currently many business people are greedy by taking investors' money. The Attorney General of New York gave a stern warning to investors and bitcoin business people.

"All investors must be careful investing in digital currencies. Cryptocurrencies are high risk, volatile investments that generate huge losses as quickly as they make profits, ”he added.

Bitcoin's skyrocketing popularity has led many large companies to look to the cryptocurrency. One such company is Tesla, which some time ago bought millions of US dollars worth of bitcoin. Tesla also accepts bitcoin currency payments for users who want to buy its electric car products.