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New Mexico and California issue virtual currency consumer warnings

Posted on 1st May, 2014

New Mexico and California have joined the chorus of state authorities issuing consumer-oriented warnings about virtual currencies. The New Mexico Taxation and Revenue Department (TRD) and the California Department of Business Oversight (DBO) released similar consumer advisories, citing the virtual currency’s price volatility, the possibility of scams, and lack of legal tender protections. Similar warnings […]