[…] platform may call itself an “exchange,” that does not mean it is complying with the securities regulatory regime. The CSA wants to make it clear: currently there are no crypto-asset trading platforms recognized as an exchange or otherwise authorized to operate as a marketplace or dealer in Canada. “We want investors to understand that […]
Learn about consumer understanding of crypto–assets
The CSA is warning the public about investment schemes involving fraudulent websites that solicit investments in forex, binary options and/or crypto assets.
Learn the ins and outs of trading crypto assets, including how to buy crypto assets wisely, and how to determine if crypto is right for you.
Crypto assets include cryptocurrencies, blockchain companies, cryptocurrency funds, and initial coin offerings (ICOs). In recent years, certain crypto assets have generated a lot of interest from investors and the financial media. These products are considered high-risk because of their speculative nature.
Fraudsters use the popularity and complexity of crypto assets to lure investors into scams.
[…] depositors. The apps promise to reward users through automated trading of crypto–assets on various exchanges. If users deposit a certain amount, they can activate artificial intelligence softw are that is supposed to find and execute high-frequency crypto-asset trades. The purported trading is not controlled by the app’s users. One app, WoToken Wallet, claims that […]
The BCSC announced its participation in “Operation Cryptosweep” coordinated by NASAA.
To mark Financial Literacy Month, we released an interactive quiz to help people test their general knowledge of cryptocurrencies, digital ledgers, and other crypto assets.
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Through smart rules, diligent oversight, strong enforcement, and reliable guidance, we act as guardians of the province’s investment marketplace, striving to make BC a place where people can invest with confidence and companies can flourish.
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