Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Jan / 26
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- NYSDFS Issues Warning About Memecoins, Urges New Yorkers to Exercise Caution
- Jan 26, 2025 at 07:14 pm ItsBitcoinWorld
- New York State's Department of Financial Services (NYSDFS) has issued a consumer alert warning of substantial risks associated with investing in memecoins. Memecoins, such as Dogecoin and Shiba Inu, derive value from social media trends rather than intrinsic use cases or technological advancements. They are often issued on unlicensed platforms and lack regulatory oversight, making them vulnerable to manipulation, pump-and-dump schemes, wash trades, and centralized control.
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