Yesterday, January 13th, the Texas State Securities Board published a list of the top threats that investors will face in 2020, with crypto ranking high.
Texas regulators voice concerns
It has been two weeks since 2020 has started, and investors around the world are interested in seeing what the new year has to offer. Regulators, on the other hand, believe that being aware of potential threats is more important, which is why the Texas State Securities Board, the US state’s regulator, decided to publish a list of largest threats to investors in 2020.
The state regulator has been quite active in trying to police the crypto space in the last several years, ever since the crypto markets erupted with Bitcoin’s surge to $20,000 per coin in late 2017. The regulator kept warning people against Bitcoin and other cryptos, pointing out their extreme volatility and claiming that it is ‘almost impossible for a layperson to understand [them].’
The regulator further claimed that promoters of crypto tokens are only trying to take advantage of…