The Government of Saskatchewan is warning of an increase in fraudulent investment opportunities involving cryptocurrency. A few common methods are:Online ads which highlight high returns and low risk. It said there are a few warning signs:Promises of high returns: Fraudsters use the promise of higher-than normal investment returns to lure investors. Be suspicious of high returns and anyone promising an investment will perform a certain way, the province said. Anyone who discovers a fraudulent investment opportunity, people are encouraged to report the scam to the FCAA Securities Division at enforcementfcaasd@gov.sk.ca or 306-787-5936.

Source: CBC News April 03, 2021 18:22 UTC