Cryptocurrencies are all the rage these days and sometimes the investment can be to good to be true.
Well in this case it is according to the New Brunswick Financial and Consumer Services Commission.
It says BitConnect is claiming to be a cryptocurrency platform that offers multiple investment opportunities, but the Texas State Securities Commission which has banned it from selling investments in that state says it has been acting fraudulently.
It is not registered for any investment activity in New Brunswick and the Commission is warning would be investors not to attempt to invest in it.
The Commission is also issuing a warning about crypotocurrencies in general saying do your homework first because these are volatile and highly risky investments and if you are not careful you could lose everything you invest in them.
