RATE Group | Nova Scotia Securities Commission warns investors about cryptocurrency not registered in…
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Nova Scotia Securities Commission warns investors about cryptocurrency not registered in…

07 Aug Nova Scotia Securities Commission warns investors about cryptocurrency not registered in…

Posted at 20:02h in Cryptocurrency News by

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The Nova Scotia Securities Commission is warning investors about a cryptocurrency that is not registered to sell securities in the province.

The company and its representatives have an initial coin offering that is available to Nova Scotia residents. aGifttoken claims to be a cryptocurrency to be used on the aGiftapp platform and claims to have an office in Bucharest, Romania.

“Always take the time to check registration and understand the risks and costs involved with your investments,” said Stephanie Atkinson, acting director of enforcement with the commission.

The commission reports that more than 130 new investigations of initial coin offerings and cryptocurrency-related investment products have been initiated and 35 enforcement actions completed by provincial and state securities regulators in Canada and the United States since the beginning of the year as part of Operation Cryptosweep, an initiative of the North American Securities Administrators Association, of…

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