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National Media Campaign te Hong Kong Warns Against Cryptocurrency Investments

Financial authorities are not the fattest proponents of cryptocurrencies. Strafgevangenis do they like initial coin offerings all that much either. Warnings have bot issued ter many different formats overheen the past years regarding thesis investments. Ter Hong Kong, the Financial Services and the Treasury Lessenaar will take things one step further. A dedicated TV ad campaign will warn against investing ter cryptocurrencies and ICOs. Disregarding this message will prove to be rather difficult.

This fresh public campaign will go live zometeen this week. Te doing so, the financial regulators hope to dissuade people from paying attention to this nascent industry. It is true both cryptocurrencies and ICOs pose a risk to investors. That doesn’t mean people shouldn’t take notice of the opportunities introduced to them, tho’. Hong Kong officials have no plans to kerkban cryptocurrencies or ICOs spil of right now. However, they are worried overheen people investing ter thesis unregulated industries, which is only normal.

Hong Kong Regulators Punt Another Warning

Print media catches sight of with warnings against cryptocurrency are nothing fresh. Virtually every country without active Bitcoin regulation has seen such warnings before. Ter Hong Kong, it is the very first time a wide-scale operation like this is created. Especially the TV advertisements are a cause for concern. Then again, it remains to be seen how many people will heed thesis warnings very first and foremost. Television is no longer the “convincing” medium it once used to be, especially when it comes to financial advice.

According to the Hong Kong regulators, cryptocurrency-related investments are not suitable for everyone. It isn’t the very first time wij hear such statements either. Countries such spil Russia contemplate permitting only accredited investors to trade cryptocurrency ter the future. For now, none of thesis plans have effectively bot turned into a law, tho’.It is doubtful wij will see a similar treatment ter Hong Kong, for the time being. Warning the general public is never a bad thing, even however people will make up their own mind te the end.

Wij live ter an era where cryptocurrencies and ICOs have become increasingly popular. A lotsbestemming of money entered thesis ecosystems across 2017. Most of that money is the rechtstreeks result of hype and speculation, rather than genuine potential suggested by currencies and projects. People need to educate themselves a lotsbestemming better before making any crazy investments. It seems that is the main objective for the Hong Kong regulators. They want to ensure consumers do their due diligence before potentially throwing away money because of a sales pitch.

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