Canadian Police Warns against Rising Bitcoin Scams the Country
The increasing reports of Bitcoin fraud and scams have forced a Canadian police department to issue a warning. The performance of Bitcoin has been really great for the past few months. The digital currency reached an all-time high recently before recording a sharp decline this weekend. The increased Bitcoin price followed by speculations of further rise has led to an increase in the number of fraudulent investment schemes and scams. The rise in Bitcoin-related frauds has forced the Canadian Police to warn the country’s population. The Durham Regional Police issued the warning following....
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Canadian law enforcement officials want to make their jobs easier, lobbying for a new law that would force people to give up their computer passwords upon request. Canadian Police Back Resolution to Compel Users to Give Up Passwords. The Canadian Association of Chiefs of Police (CACP) passed a resolution on August 16, 2016, advocating for such a law to be enacted by parliament. The timing of the resolution was decisively made to maximize its influence, as the Canadian government has begun conducting a study on cybersecurity and how to balance online freedoms with the police’s ability to....
The U.S. Better Business Bureau (BBB) says cryptocurrency scams have become the second riskiest. In addition, the organization noted that “Payment made via cryptocurrency that resulted in a monetary loss more than doubled from 2020.”
BBB Sees Rising Crypto Scams
The U.S. Better Business Bureau (BBB) released its 2021 BBB Scam Tracker Risk Report Friday. “This annual report uses data submitted by individuals and businesses to BBB Scam Tracker to shed light on how scams are perpetrated, who is being targeted, which scams have the greatest impact, and....
The Royal Canadian Mounted Police has ordered regulated financial firms to cease interacting with Bitcoin addresses allegedly connected to the Freedom Convoy.
The U.S. Federal Trade Commission (FTC) has warned about social media being used in cryptocurrency investment scams. “Social media is a tool for scammers in investment scams, particularly those involving bogus cryptocurrency investments — an area that has seen a massive surge in reports,” said the FTC.
Federal Trade Commission Warns of Crypto Scams Utilizing Social Media
The U.S. Federal Trade Commission (FTC) published a “Consumer Protection Data Spotlight” last week, warning the public about scams, including crypto investment scams,....
Canadian federal and national police force the Royal Canadian Mounted Police (RCMP) is examining ways of preventing and solving digital currency-related financial crimes. An email correspondence between the police force and Canada's financial intelligence unit the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) was obtained by media outlet GlobalNews.ca under the Access to Information Act. "I am running a major project on our end and my management would like your organization in as a possible stakeholder. [...]The project is in relation to Bitcoins and their....