BBB Scam of the Week: Virtual Currency

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MONROE, La (KNOE) - Social and traditional media have been a buzz with articles and information about the rising phenomenon of virtual currencies.
Words and phrases like blockchain, cryptocurrency, distributed ledger, initial coin offering, and digital tokens populate our newsfeeds.
Significant uncertainty currently surrounds virtual currencies in general and their potential value as investments in particular. Only time will tell whether, and if so which, virtual currencies become a mainstream component of our financial markets—and whether investments in this emerging sector make sense as part of a diversified portfolio.
Before you make any investment decisions, it is critical to understand some of the concepts underlying this emerging world of virtual currencies.