cryptocurrency

 square measure cryptocurrencies legal?

There’s no doubt that they’re legal within the us, although China has basically prohibited their use, and ultimately whether or not they’re legal depends on every individual country. even be absolute to contemplate a way to defend yourself from fraudsters WHO see cryptocurrencies as a chance to bilk investors. As always, customer look out.

however do I defend myself?

• If you’re wanting to shop for a cryptocurrency in AN ICO, browse the fine print within the company’s prospectus for this information:
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• Who owns the company? AN identifiable and well-known owner could be a positive sign.
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• Are there different major investors WHO square measure finance in it? It’s a decent sign if different well-known investors desire a piece of the currency.
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• Will you own a stake within the company or simply currency or tokens? This distinction is vital. Owning a stake means that you get to participate in its earnings (you’re AN owner), whereas shopping for tokens merely means that you are entitled to use them, like chips in an exceedingly casino.
• Is the currency already developed, or is that the company wanting to lift cash to develop it? The more on the merchandise, the less risky it's.

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