Article: Be wary of cryptocurrency scammers: FCAA

Crypto, Cyber-Security

Be wary of cryptocurrency scammers: FCAA

According to the FCAA, fraudsters use various techniques to lure in potential investors.

Such methods include:

  • online ads highlighting high returns and low risk;
  • pop-up ads that promote cryptocurrency giveaways or include fake customer reviews;
  • recommendations on social media that seem to come from “a friend”; and
  • private messages on social media sites from fake profiles that look legitimate.

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Article: Non-fungible tokens: are you buying art or trading securities?

Crypto

Non-fungible tokens: are you buying art or trading securities?

Although most NFTs currently in existence do not resemble securities, Canadian securities regulators have consistently stated that such a conclusion depends on the specific nature of the token and the representations and marketing efforts of the issuer. Accordingly, it is critical that crypto issuers and related businesses, as well as investors and other market participants, are aware of and consider the securities law requirements that may apply to their activities in order to avoid costly regulatory surprises.

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