Cryptocurrencies Not Federally Insured, Warns Alaska State Regulator

Announcements, ICO News, Regulation | January 8, 2018 By:

Alaska state securities regulator has issued a warning about the risks associated with cryptocurrency investments.

Kevin Anselm, director of Alaska’s Division of Banking and Securities, cautioned Alaskan investors about investments involving cryptocurrencies. She said cryptocurrencies are subject to minimal regulatory oversight and that they’re susceptible to cybersecurity breaches or hacks.