Canadian regulator warns against crypto companies with fake approval
A Canadian financial regulator has asked citizens to be alert as crypto exchanges claim certification from fake regulatory authorities to “appear legitimate.” Some “purported” crypto currency platforms have fake regulator y approvals from “fictitious” organizations or claim to belong to a dispute resolution organization, according to an investor alert released on June 20 by the Canadian Securities Administrators (CSA). The regulator noted the websites of such companies lead users to links to fake regulatory bodies or dispute resolution entities, which also have websites that appear legitimate at first glance, with addresses of real locations. However, the CSA stated that a more scrutinized look at these websites shows awkward and unpolished language and grammatical or spelling errors. You might also like: SEC issues an investment warning on crypto assets The CSA listed 10 regulator y or dispute resolution bodies labeled as “f...