BC Securities Commission 's video: Initial Coin Offerings: Information for Investors

Initial coin offerings, also known as ICOs, are a way for companies to raise money using cryptocurrencies. Lately, ICOs and cryptocurrencies have received a lot of attention from the media, investment industry, and investors. An initial coin offering happens when a company issues its own cryptocurrency to purchasers. Buyers may also see the term initial token offering (ITO) instead of ICO. There are risks when buying into ICOs and cryptocurrencies. These also occur with many forms of investments. In some cases, ICOs are outright scams. Investors should know the fraud warning signs to help prevent falling victim to a fraudulent scheme. If you have any concerns about a person or company offering an investment opportunity, please contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393 or through e-mail at inquiries(at)bcsc(dot)bc(dot)ca.