Ontario Securities Commission launches cryptoasset educational
initiatives for Financial Literacy Month
On Thursday, November 1, 2018, the Ontario Securities Commission
("OSC") launched two cryptoasset
educational initiatives as part of its activities for Financial
Literacy Month.
GetSmarterAboutCrypto.ca provides an overview
of cryptoasset services and products, the OSC's role in
regulation, and tips for investors to exercise due diligence. The
regulator says that the move to provide more information to the
public regarding cryptocurrencies stems from their growing
popularity among Canadian retail investors.
Research published by the OSC in June 2018
found that five percent of Ontario adults, translating to roughly
500,000 Ontarians, own cryptoassets, with half of this group
spending $1,000 or more on purchasing these products. The research
also suggested that men aged 18-24 are three times more likely to
report owning cryptoassets than other demographic groups.
