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Saskatchewan Finance Authority Urges Caution as Unregistered Cryptocurrency Investors Face Potential Risks

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Potential Cryptocurrency Scams in Saskatchewan

The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has warned about potential cryptocurrency scams in the province.

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Unregistered Trading Entities

  • Online entities TitanTrader and Coins Capital are offering various opportunities to invest in cryptocurrency trading, leveraging, and commodities.
  • The FCAA has stated that neither of these entities is registered to trade or sell securities or derivatives in the province.

“If a company is not registered, do not deal with them,” said Dean Murrison with the FCAA. “The registration process has one purpose: protecting Saskatchewan investors. Ensure that your money is safe by always checking registration status before you invest.”

TitanTrader is operating through the website http://www.titantrader.net and Coins Capital is using http://www.coins-capital.com.

If you have invested in either company or with anyone claiming to act on their behalf, contact the FCAA’s Securities Division at 306-787-5936.

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Protect Yourself from Scams

  • Always make sure a company is registered to sell before engaging.
  • Know what you are investing in.
  • Ask for professional advice.
  • Do not let anyone remotely access your personal computer.

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