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More than half a million Ontarians own cryptocurrencies, but many do not fully understand the risks associated with the emerging digital asset class, according to a new study from the Ontario Securities Commission.Tyler Fleming, director of the Investor Office at the OSC said the regulator published the study, titled Taking Caution: Financial Consumers and the Cryptoasset Sector, as an initial snapshot of a sector still very much in its infancy.a regulator, the reason we wanted to do this study is there are a number of investor protection concerns with this emerging cryptoasset sector concerns around volatility, transparency, valuation, liquidity, et cetera, Fleming said.really wanted to get some baseline data.Of those who own cryptocurrencies, the majority spent less than $1,000 buying them. Only nine per cent of cryptocurrency owners spent more than $10,000 on their assets, although that still translates to about 50,000 Ontarians.Most of the numbers in the report are based on an online survey conducted by Innovative Research Group. In March, they surveyed 2,667 Ontarians over the age over the age of 18, and deliberately targeted young men because previous studies have found that males between 18 34 are the most likely demographic to own cryptocurrency assets.The OSC report highlights some of the risks associated with cryptocurrencies, including initial coin offerings, an investment mechanism which has been used to raise an estimated US $5.6 billion for various cryptocurrency projects in 2017 alone.want to certainly remind investors and market participants that, with respect to ICOs, they are subject to securities regulation, Fleming said.
CHINA MOMENT? Despite Trump tariffs on European metals exports and threats to hit the EU automobile industry, Brussels shares Washington concern about China closed markets and what Western governments say is Beijing manipulation of trade to dominate global markets. Secretary of Transportation Elaine Chao at China’s Ministry of Transport in Beijing, China April 27, 2018. Has against China, it just we don agree with how the United States is handling it, another diplomat said..