The Canadian Regulator of the Safes of the Flag increases in the cryptoms of fraud in the midst of ‘geopolitical unpredictability’

Cripto-related fraud pass in Canada while fraudsters are increasingly used and investor targeting tools, says the Securities Commission ontario.

CanadaTop Top Securities Sound Sound Alarm on the wave of crypto fraud, saying that the scammers are now using a smooth artificial intelligence Deepfakes and fake trade platforms for investor fraud and steal their money.

During the Annual Event on Thursday, Grant Vingoe, the Secretary of the Securities Commission, “where there are more fraud, more fraud, more corruption, enabled atmosphere in which traditional norms are not respected and traditional norms and traditional norms are not respected. reports.

Vingoe has linked an increase in fraud to broader instability because “unpredictability of the geopolitical environment leads the environment in which people will interest in doing wrong.” Alone in 2024. The victims lost almost $ 640 million in losses, by data from the Canadian anti-fraud center.

Now, Bonnie Lisik, the Executive Vice President of the OSC, says that the Commission wants to focus on “High Impact”, adding additional strategies to disrupt those who harm investors earlier “, because cryptological will propagate”.

Canada began to tighten the regulations with crypts in February 2023. year, when the Canadian security administrators require any crypto trading platforms operating in the country to sign a legally binding binding company. It has occurred to the top of existing restrictions, including ban On offering margins trading in Canadian users.

Since CSA is considering some stablecoine to be securities or derivatives, exchanges also bans offer stablecoins or crypto contracts without prior approval, making it challenge for many crypto platforms.