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<ul class="news-points"><li>The Canadian Securities Administrators warns about fake crypto trading service providers claiming false authorizations and affiliations.</li><li>10 entities are now identified by CSA as fictitious regulatory bodies and organizations.</li><li>CSA advises independent verification of organizations referenced by cryptocurrency firms.</li></ul>The Canadian Securities Administrators (CSA) issued a cautionary message to Canadians, urging them to exercise caution when dealing with alleged <a href="https://coinedition.com/what-is-cryptocurrency-a-complete-beginners-guide/" rel="noopener noreferrer nofollow">cryptocurrency</a> trading service providers. Apparently, these platforms falsely claim to be authorized or associated with non-existent regulatory or dispute resolution bodies.<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet">Investor Alert: Some crypto websites use fake regulatory and dispute resolution organizations to appear legitimate<a href="https://t.co/Ptqx3RHjfg" rel="noopener noreferrer nofollow">https://t.co/Ptqx3RHjfg</a><a href="https://t.co/2QIpwnJdcB" rel="noopener noreferrer nofollow">pic.twitter.com/2QIpwnJdcB</a>— CSA_News (@CSA_News) <a href="https://twitter.com/CSA_News/status/1671171447065309186?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 20, 2023</a></blockquote></div></figure>According to the CSA’s warning, certain trading service providers are resorting to deceptive tactics to create an illusion of legitimacy. For instance, a fraudulent trading platform even claimed that its counterfeit certification validates its status as a dependable and trustworthy online trading platform, says the investor warning.…The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/csa-cautions-canadians-about-fake-crypto-trading-services/">CSA Cautions Canadians About Fake Crypto Trading Services</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

CSA Cautions Canadians About Fake Crypto Trading Services

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