Our partner lawyer André Jerusalmy, responsible for the Capital Markets and Financial Law areas, participated in an interview for SESCON magazine.

Is it safe to invest in digital currencies? News about hacker attacks, scams and volatility of cryptocurrencies leave many doubts for those who want to invest in this new market. There are risks, but it is possible to avoid them and make a profit too. Despite reports of investors who have fallen for scams, there are ways to protect yourself. Currently, three million Brazilians invest in cryptocurrencies in the country, much more than those who trade on the Stock Exchange, according to estimates by the Brazilian Cryptoeconomics Association (ABCripto), author of the Code of Conduct and Self-Regulation for the sector, with rules on conduct practices and prevention of money laundering.

Lawyer André Jerusalmy, partner responsible for the Capital Markets and Financial Law areas at Mazzucco & Mello Advogados, points out that there are many cases of fraud currently.

“With the issue of risks, it is possible to make a treaty. Here at the office, we have seen a significant increase in cryptocurrency fraud. There are a lot of scams going around,” the lawyer highlighted. Volatility According to him, to dilute the risks in investments with digital currencies or any other asset, it is necessary to diversify the portfolio.

“Every traditional financial asset undergoes fluctuations, such as gold and the dollar, but the fluctuation of cryptos, such as bitcoin, is much greater,” says Jerusalmy.

Full interview in SESCON magazine.