The Ontario Securities Commission’s Investor Office has resources for investors interested in learning about cryptocurrencies, in particular the considerable risks that often accompany these kinds of investments. The resources include the results of a survey conducted by the Investor Office to learn more about which segments of the Ontario public are purchasing cryptocurrencies and an article providing an overview of cryptocurrency offerings.
In addition, the OSC’s GetSmarterAboutCrypto.ca provides investors with an overview of cryptoasset products and services, the OSC’s role in regulating them, and tips for exercising due diligence before considering this type of investment. TBACoin.ca mimics what a typical fraudulent initial coin offering (ICO) website may look like to help those interested in this type of capital raising tool identify potential red flags.
The Autorité des marchés financiers has also cautioned investors about the risks associated with initial cryptocurrency or token offerings and is reminding issuers about their obligations under securities laws.
The International Organization of Securities Commissions (IOSCO) Board released a communication on concerns related to Initial Coin Offerings (ICOs) and stated that, in its meeting October 18-19, 2017, the IOSCO Board discussed the growing usage of ICOs to raise capital as an area of concern. Following the meeting, it issued a statement to its members (ie securities commissions) regarding the risks of ICOs and it has also set up an ICO Consultation Network.
248 total views, 3 views today