SEC Warns Retail Investors on Crypto Custody and Security Risks

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The U.S. Securities and Exchange Commission (SEC) has issued a warning to retail investors about crypto custody and security risks. The guidance highlights the need to choose trustworthy custodians, understand private key storage, and guard against hacking, bankruptcy, and asset commingling. Investors are urged to secure private keys, avoid phishing, and use strong passwords and multi-factor authentication. The SEC also notes the importance of Countering the Financing of Terrorism in the context of liquidity and crypto markets.
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