New monetary instruments such as Bitcoins and other cryptocurrencies are attracting investors. However, they are also fertile ground for frauds or scams. What are cryptocurrencies? Cryptocurrency is digital money. There is no physical thing representing it. It is mostly used to avoid banks and regulatory agencies. Cryptocurrencies do not have the same protection as the US dollar. Examples of cryptocurrencies are Bitcoins, Etherum, Litecoin, and others. In addition, these new instruments can be very volatile.…

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