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Cryptocurrency Investing is Risky Business for Condo Corporations

Author: 
Denise Lash
Publication date:
March 19, 2021
Article Summary: 

In this blog post, the author discusses the risks and legal issues associated with condominium corporations investing in cryptocurrency. The blog highlights that condo corporations should exercise caution and conduct thorough due diligence before investing in cryptocurrency, as its value is volatile and subject to regulatory uncertainty. Furthermore, the post explains that the Corporations Act and the Condominium Act do not specifically address the legality of investing in cryptocurrency, leaving condo corporations in a legal grey area. Finally, the blog advises condo corporations to consult with legal and financial experts before making any cryptocurrency investments.

Keywords: 

Condominium corporations, cryptocurrency, risks, legal issues, due diligence, regulatory uncertainty, value volatility, Corporations Act, Condominium Act, legal grey area, legal and financial experts.

Source Citation: 
Denise Lash
Cryptocurrency Investing is Risky Business for Condo Corporations
March 19, 2021
https://www.lashcondolaw.com/cryptocurrency-investing-is-risky-business-for-condo-corporations/
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