US States Have Begun Requiring Cryptocurrency Bonds
Cryptovest
Published Aug 17, 2018 02:55PM ET
Updated Aug 17, 2018 04:00PM ET
US States Have Begun Requiring Cryptocurrency Bonds
The popularity of digital currencies is prompting several US states to require companies engaged in cryptocurrency trading to secure surety bonds to enhance investor protection.
With a cryptocurrency surety bond , investors are given an extra layer of protection in case they become victims of fraud or scams. Under the rules set by these states, companies engaging in digital currency transmission should be backed by surety bonds, with the amount corresponding to the volume of transactions to protect the money transmitter clients.
“Cryptocurrencies have a lot of benefits that have become answered prayers for the adherents. One is the seamless and secure transaction ...
This article appeared first on Cryptovest
Get The News You Want
Written By: Cryptovest
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.