We recently became aware that BTCExch promoted an initial coin offering (ICO) of BEX Tokens and offered its members an AI Bot trading service.
We also became aware that BTCExch accepted British Columbia (BC) residents as members.
Cryptocurrencies are a subset of digital currencies. Cryptocurrencies are not fiat currencies. In certain circumstances, cryptocurrencies may be considered to be securities or derivatives under the securities legislation in BC, and trading in or advising on them may require registration in BC.
BTCExch is not registered to trade in, or advise on, securities or derivatives in BC, and has not filed a prospectus or an exempt distribution report in BC.
We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC, or are selling unqualified securities in or from BC.
For information on how to become better informed about cryptocurrencies and ICOs, please visit https://www.investright.org/about-investing/what-are-initial-coin-offerings-or-icos/.
For information on how to become better informed about investment products and services, please visit InvestRight, at www.investright.org.