The Australian Securities and Investments Commission (ASIC) has issued a major warning to Australians about the risks of investing in cryptocurrency. ASIC chairman Joseph Longo warned that Australians "risk losing everything" by investing in cryptocurrency. Longo said that cryptocurrency is a "speculative and high-risk" asset class and that there is no guarantee that investors will make money. He also warned that cryptocurrency markets are "unregulated and volatile" and that there is a risk of fraud and scams. ASIC has been a vocal critic of cryptocurrency in the past, and this latest warning is likely to further deter Australians from investing in the asset class.
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BTC Dom 56.76 %
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$64,703.00
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ETH
$1,907.09
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USDT
$0.999394
▲ +0.00%
BNB
$590.96
▼ -0.20%
USDC
$0.999647
▲ +0.00%
XRP
$1.01
▼ -2.90%
SOL
$73.25
▼ -0.20%
TRX
$0.327121
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$53.99
▼ -4.00%
DOGE
$0.069531
▲ +0.40%
USDS
$0.999926
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RAIN
$0.012742
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LEO
$9.76
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ZEC
$509.97
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ADA
$0.199853
▼ -4.40%
XMR
$371.23
▲ +1.50%
WBT
$55.95
▼ -0.20%
LINK
$8.17
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XLM
$0.16032
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DAI
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BCH
$214.69
▲ +0.10%
USD1
$0.999712
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USDE
$0.99973
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GRAM
$1.35
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BTC
$64,703.00
▼ -0.10%
ETH
$1,907.09
▼ -0.30%
USDT
$0.999394
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BNB
$590.96
▼ -0.20%
USDC
$0.999647
▲ +0.00%
XRP
$1.01
▼ -2.90%
SOL
$73.25
▼ -0.20%
TRX
$0.327121
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$53.99
▼ -4.00%
DOGE
$0.069531
▲ +0.40%
USDS
$0.999926
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RAIN
$0.012742
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LEO
$9.76
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ZEC
$509.97
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ADA
$0.199853
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XMR
$371.23
▲ +1.50%
WBT
$55.95
▼ -0.20%
LINK
$8.17
▼ -0.80%
XLM
$0.16032
▼ -1.20%
DAI
$1.00
▲ +0.00%
BCH
$214.69
▲ +0.10%
USD1
$0.999712
▲ +0.00%
USDE
$0.99973
▲ +0.00%
GRAM
$1.35
▼ -2.40%
Mkt Cap $2.29T
BTC Dom 56.76 %
BTC
$64,703.00
▼ -0.10%
ETH
$1,907.09
▼ -0.30%
USDT
$0.999394
▲ +0.00%
BNB
$590.96
▼ -0.20%
USDC
$0.999647
▲ +0.00%
XRP
$1.01
▼ -2.90%
SOL
$73.25
▼ -0.20%
TRX
$0.327121
▲ +0.20%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$53.99
▼ -4.00%
DOGE
$0.069531
▲ +0.40%
USDS
$0.999926
▲ +0.00%
RAIN
$0.012742
▲ +1.50%
LEO
$9.76
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ZEC
$509.97
▲ +3.10%
ADA
$0.199853
▼ -4.40%
XMR
$371.23
▲ +1.50%
WBT
$55.95
▼ -0.20%
LINK
$8.17
▼ -0.80%
XLM
$0.16032
▼ -1.20%
DAI
$1.00
▲ +0.00%
BCH
$214.69
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USD1
$0.999712
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USDE
$0.99973
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GRAM
$1.35
▼ -2.40%
