Crypto Investments Are Extremely Risky: Australian Stock Exchange Regulator Warns

Crypto Investments Are Extremely Risky: Australian Stock Exchange Regulator Warns
The file photo shows bitcoin tokens in Sandy, Utah on April 3, 2013. Rick Bowmer/AP Photo
Alfred Bui
Updated:
0:00

The Australian Securities and Investments Commission (ASIC) has called on the Australian people to take precautions and equip themselves with knowledge of the risks associated with crypto asset investments.

Speaking at a Governance Institute conference on Sept. 12, ASIC commissioner Sean Hughes said the stock exchange regulator wanted new investors to be aware that investing in crypto assets was a form of extreme risk-taking.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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