The purpose
of this investor advisory is to remind investors that, just
like any other speculative investment,
trading futures on
virtual currencies, including Bitcoin, have certain benefits and various risks.
You specifically agree not to: (1) share your account credentials with anyone else, (2) sell, offer to sell, rent, lease,
trade or otherwise transfer your account, (3) sell, offer to sell, rent, lease,
trade or otherwise transfer any «Gold» or other
virtual currencies, game resources, in - game services
like «speed - ups,» or other in - game items associated with your account (collectively, «In - Game Items»), except by using mechanisms within the Game that anticipate and specifically allow for the non-commercial transfer
of In - Game Items, (4) buy, offer to buy, accept, access or use any other user's account or In - Game Items, except by using mechanisms within the Game that anticipate and specifically allow for the non-commercial transfer
of In - Game Items, (5) link to or otherwise endorse or identify any websites, organizations, or persons that sell, offer to sell, rent, lease, buy, offer to buy, accept, access,
trade or otherwise transfer accounts or In - Game Items, and (6) create or permit to exist an interest or arrangement
of any kind, which in substance secures the payment
of money or performance
of any obligation or gives a creditor priority over unsecured creditors, over any
of your rights with respect to the Game, your Game account or In - Game Items.
However,
like the EBA, the FSA pointed out that investors who choose to buy,
trade and hold
virtual currencies risk losing their investments, having their
virtual currency stolen, or simply watching the value
of their
currency drop to zero.
On February 6, 2018, the U.S. Senate Banking Committee held a hearing on the oversight role
of the Securities and Exchange Commission (SEC) and the Commodity Futures
Trading Commission (CFTC) in respect
of virtual currencies like Bitcoin and Initial Coin Offerings (ICOs).
Another fan, 43 - year - old Hiroshi Kasahara, who runs an ad agency, said: «I have been
trading stocks and forex but not bitcoin or other
virtual currencies as I was a bit scared
of them... But [now] I feel
like opening an account» if the group accepts payment only in bitcoin, he was quoted by Arab News.
Not only does this give precedent for CFTC to more aggressively pursue fraud, the CEA has broad implications on the regulation
of exchanges, meaning the various coin swapping platforms
virtual currencies are
traded on now,
like Coinbase, may become a target for CFTC in the near future.