California, New Mexico, to the consumer investment risk warning

California, New Mexico, to the consumer investment risk warning

The California business supervision department (DBO) and the New Mexico state tax department (TRD) warned consumers bitcoin potential investment risk. DBO is responsible for the supervision of the California financial services and a number of product suppliers, including banks, credit cooperatives, the third party payment institutions, investors and other three party agents, New Mexico, TRD is responsible for collecting government revenue.

Speak DBO director Mark Leyes said: “we are still considering processing digital currency, especially electronic currency trading and how to pay for these regulation. In the meantime, we hope to provide some information to consumers and investors.”

New Mexico state tax department (TRD) is also working on a virtual currency is used to pay for products or services, consumers how to guide consumers to the virtual currency as a commodity investment.


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