In a previous post (Getting Started With Cryptocurrency: 4 Things To Know), we discussed the importance of familiarizing yourself with the regulatory issues and uncertainty surrounding cryptocurrency prior to adding it to your investment portfolio or including it in offerings to your clients.
Consumers no longer treat e-commerce as an occasional alternative to brick-and-motor retail; in 2018 consumers expect the option to handle purchases, returns, and even customer service interaction online, often on-the-go via mobile applications. More importantly, they also expect that businesses will be faithful stewards of their personal data and fierce protectors of their privacy.
White collar criminal charges such as insider trading and securities fraud can involve millions - even billions - of dollars and result in significant prison time upon conviction. A change in how the United States Department of Justice (DOJ) approaches these matters is of great-significance due to their potential reach.
With years or even decades of trading and advising experience under your belt, you have no issue sifting through bears, bulls, and the fluctuations of the stock market. As cryptocurrency works to dip its toes into the mainstream, you are not alone if terms like "bitcoin" leave you feeling unsure of your strategy.
As discussed in a previous post, being on the wrong side of a civil or regulatory action is a much more present threat to investors and businesses than a criminal complaint.