Cryptocurrency

The Office of the New York State Attorney General (OAG) is the state securities and commodities regulator for the state of New York, which includes cryptocurrency.

Cryptocurrencies are subject to extreme and unpredictably high price swings that make them among the most high-risk investments on the market. The OAG has taken several enforcement actions against major cryptocurrency platforms and broker-dealers.

OAG enforcement actions

Cryptocurrency investment risks

To protect New Yorkers from this extreme volatility, Attorney General James offers New Yorkers guidance on the various risks associated with cryptocurrencies.

The virtual currency market exposes investors to dangerous risks, such as wild price swings and potential losses due to hacking, fraud, or theft. Investors in virtual assets should beware of the many significant risks of investing in these products including: