Lead Organization: Centrale Bank van Curaçao en Sint Maarten
The Centrale Bank van Curaçao en Sint Maarten’s (CBCS) WIW 2019 initiatives include a webinar titled “A Sneak Peek Into Financial Education Matters: Crypto-Assets”, that will be held on Friday, October 4, at 10 AM (GMT-4).
The main purpose of this webinar is to familiarize the participants with the concept of crypto-assets and the risk considerations. Crypto-assets are becoming increasingly popular. Nevertheless, consumers must realize that it is important to assess the risks related to holding crypto-assets before buying or investing in them. In particular, consumers should be aware that most providers of crypto-assets are unregulated. High volatility, the lack of (proper) regulation, vulnerabilities concerning cybersecurity, misuse for criminal and fraudulent activities, and lack of transparency make these types of high-risk investments unsuitable for retail investors, or investors other than professional, accredited, or sophisticated investors.
In addition, the CBCS incorporated the Florin Family in its WIW-activities, warning the general public about pyramid schemes.
Together with the members of the Caribbean Working Group of the International Forum for Investor Education (IFIE), Americas Chapter, the CBCS initiated the "Caribbean Fintech Pledge”. The goal of the pledge is to inform the public about crypto-assets and related investment risks, and to secure the commitment of readers to research and ensure they understand crypto assets before investing in them.
World Investor Week Coordinator(s): Eliangela (Elly) Moesquit, email@example.com
Updated: July 20, 2023