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Stock impact report

Securities regulator warns about digital currency targeting Nova Scotians [CBC (Canadian Broadcasting Corporation)]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: CBC
Securities regulator warns about digital currency targeting Nova Scotians Warning from Nova Scotia Securities Commission follows similar ones issued in New Brunswick, Manitoba The Nova Scotia Securities Commission is warning investors that Bitcoin Bank/Bitcoin-bank.io is not registered to sell securities in Nova Scotia, but that's only the first of many red flags the company is raising. According to the company's website, it's in the midst of an initial coin offering for its digital currency. "The highest red flag is they're not registered in Nova Scotia, so we have no confirmation about who they are, who's running this business and what they're offering is actually legitimate," said commission spokesperson David Harrison. Some of the other red flags are that the company says it will accept Visa, MasterCard and wire transfer for payment. "When you send the money that way, it's very difficult to get it back. It's not a way we would recommend anyone charge an investment," said Harrison. Show less Read more
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