Cryptocurrencies: Caution is the Watchword as This Digital Avenue Grows

Digital currencies such as bitcoin and ethereum may be the wave of the future – but that future is not here yet and may not be for a while. Advisers, investment companies and broker-dealers looking at cryptocurrencies should consider holding back until the SEC and other regulators work out a number of outstanding questions, many of which have a direct bearing on investor protection and fiduciary duty.