U.S. and Canadian regulators open probes into cryptocurrency scams
May 21, 2018 / Pete Schroeder
U.S. and Canadian state securities regulators announced Monday they have launched dozens of investigations into cryptocurrency scams. The North American Securities Administrators Association announced the wide-ranging series of probes on Monday, dubbed "Operation Crypto-Sweep." The investigations, some of which have already concluded, are aimed at unregistered securities offerings and initial coin offerings that promise significant returns without informing investors of the risks.