The Department of Financial Regulation would like to remind Vermonters they should exercise caution when purchasing Cryptocurrencies.

“The recent success of cryptocurrencies has drawn considerable interest from the investing public and the media, however, Vermonters should educate themselves about the risks associated with cryptocurrencies, including high volatility and limited oversight, before deciding to invest,” said DFR Commissioner Michael Pieciak.

Please see the press release that identifies some common concerns and red flags regarding Cryptocurrency and some suggestions as to how Vermonters can educate themselves.