Bitcoin is a peer-to-peer payment system, which is not considered a real currency, but a virtual currency. This article discusses the risk of fraud and other concerns related to Bitcoin related investments. It also lists out factors that should be considered when evaluating an investment and discusses the signs of a fraudulent investment. Read more at the Journal of Accountancy.
SEC Issues Warning to Investors to Proceed with Caution When Investing in Bitcoin Related Investments
By Jeff Belingheri|June 4th, 2014|Categories: Accounting & Bookkeeping, Business Operations, Business Tax, Individual Tax, Nonprofit Organizations, Retirement Planning|Tags: bitcoin, fraud, investing, journal of accountancy|Comments Off on SEC Issues Warning to Investors to Proceed with Caution When Investing in Bitcoin Related Investments
About the Author: Jeff Belingheri
Jeff is a Partner at Bregante + Company LLP, providing tax, accounting and consulting services to closely held businesses and high net worth individuals throughout the greater San Francisco Bay Area.