The Ohio Division of Securities has issued an investor advisory on Decentralized Finance, also known as DeFi. It is a relatively new blockchain-based set of financial services.

Companies entering this space are now offering banking and investing services that rely on cryptocurrencies instead of conventional currencies, such as the U.S. or Canadian dollar or Mexican peso.

Our featured guest is Corporate Attorney, John Crist, from the Securities Division of the Ohio Department of Commerce, and he explains why consumers should be extremely leery of these new types of investments, how they can avoid getting ripped off.