RATE Group | Canadian Regulator Warns Investors of Five Cryptocurrency Firms
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Canadian Regulator Warns Investors of Five Cryptocurrency Firms

Canadian Regulator Warns Investors of Five Cryptocurrency Firms

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Canadian Regulator Warns Investors of Five Cryptocurrency Firms

Regulation

The Ontario Securities Commission has issued a warning against five unlicensed crypto companies involved in schemes to encourage investors to trade or invest in cryptocurrencies. The regulator started gathering information about these platforms after receiving complaints about them.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Warning to Investors

The Ontario Securities Commission (OSC) published an Investor Alert on Friday, warning the public of five firms that “appear to be involved in schemes that target Ontario investors and encourage them to trade or invest in cryptocurrencies,” stating:

Btcreal, Bitserial, Hypercube Ventures LP, Cabincoin OÜ, and Baappay Inc. are not registered in Ontario to solicit…

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