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Securities commission issues warning about cryptocurrency firm | Local-Business | Busine…

10 Aug Securities commission issues warning about cryptocurrency firm | Local-Business | Busine…

Posted at 07:01h in Cryptocurrency News by

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The Nova Scotia Securities Commission is alerting investors that aGifttoken is not registered to sell securities in Nova Scotia.

The company and its representatives have an initial coin offering that is available to Nova Scotia residents, according to a news release.

It claims to be a cryptocurrency to be used on the aGiftapp platform. It claims to have an office in Bucharest, Romania and is targeting investors through its website, aGifttoken.com.

“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, in the release.

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…

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