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Cryptocurrency-related fraud increases this year, US state regulators report

( August 7, 2019, 16:15 GMT | Official Statement) -- MLex Summary: US state regulators reported an "uptick" this year in potential fraud among crypto-related solicitations. A North American Securities Administrators Association task force said regulators have opened 130 new investigations into questionable cryptocurrency-related investment offerings and have 35 pending or completed enforcement actions since the beginning of this year. "With news surrounding the surging price of cryptocurrencies such as bitcoin and a new product backed by Facebook poised to enter the market, investors and con artists alike have returned to cryptocurrency-related investment products looking for quick profits," the NASAA statement said.Statement follows below: ...

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