NASAA: Crypto scams are the leading threat to investors in 2022

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Investment Executive |James Langton | Jan 10, 2022

illicit share of all crypto transactions - NASAA: Crypto scams are the leading threat to investors in 2022

Frauds and scams involving crypto and other digital assets are the leading threat to investors in 2022, according to the North American Securities Administrators Association (NASAA).

The umbrella group of U.S. state and Canadian provincial regulators released its annual list of the top investor protection concerns, based on surveys of the regulators themselves.

See:  0.15% of total volume (lowest ever)” href=”https://ncfacanada.org/last-year-illicit-crypto-addresses-received-14-billion-ath-0-15-of-total-volume-lowest-ever/” target=”_blank” rel=”noopener”>Illicit crypto activity reaches all-time high BUT total Crypto activity growing faster

“The most common telltale sign of an investment scam is an offer of guaranteed high returns with no risk. It is important for investors to understand what they are investing in and with whom they are investing,” said Melanie Senter Lubin, president of NASAA and Maryland Securities Commissioner.

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Source: https://ncfacanada.org/nasaa-crypto-fraud-and-scams-are-the-leading-threat-to-investors-in-2022/

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