As Bitcoin, other currencies soar, regulators urge caution

NEW YORK (AP) — The public’s curiosity in all issues bitcoin and efforts by entrepreneurs to fund their companies with digital currencies is beginning to attract extra consideration from regulators.
The head of the Securities and Exchange Commission this week warned traders on the dangers of investing in largely-unregulated digital currencies.
Just this month, the SEC halted two makes an attempt to boost cash by way of what’s generally known as an preliminary coin providing. Legal specialists consider this alerts crackdown on sketchy choices is coming.
“The SEC has given so many warnings now that people should know they are on notice,” stated Joshua Klayman, a lawyer with the agency Morrison & Foerster who makes a speciality of authorized points associated to digital currencies.

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