The United States Commodities and Futures Trading Commission (CFTC) has warned cryptocurrency investors about the risks associated with relying on artificial intelligence (AI) trading bots to generate massive gains.
In a recently published statement titled “Customer Advisory Cautions the Public to Beware of Artificial Intelligence Scams,” the CFTC emphasized that AI cannot predict the future of cryptocurrency markets, and investors should exercise caution when considering AI-assisted trading strategies.
The CFTC has expressed concern over the proliferation of exaggerated promises made by AI trading bot providers, trade signal algorithms, crypto-asset arbitrage algorithms, and other AI-driven technologies.
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