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Beware of scammers asking for Bitcoin

March 19, 2021 – Bitcoin, the most popular of the over 1,300 cryptocurrencies, is currently one of the biggest newsmakers in the financial world. Unfortunately, for all the good that has come from it, there have been negative stories of its use in scams.

In Manitoba alone, a large amount of people have fallen victim to various scams including romance scams, Canada Revenue Agency scams and job opportunity scams, whereby fraudsters are asking victims to send them money in the form of Bitcoin. In 2019, fraudsters obtained $7.5 million from innocent Canadian victims.