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FOR IMMEDIATE RELEASE:
December 29, 2022
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What is cryptocurrency and is it safe?
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Cryptocurrency is a form of digital cash or currency, which allows users to transact directly with each other without needing banks or governmental regulations.
What You Need to Know About Cryptocurrency:
- They are risky and unpredictable assets;
- Prices have fallen by 72% from their peak a year ago; and
- The collapse of cryptocurrency exchange FTX trapped over a billion dollars of customer money.
To learn more about cryptocurrencies and the additional risks of using a cryptocurrency exchange for your investments, read the following Michigan Attorney General consumer alerts:
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