In a joint release, the Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada flagged a number of crypto-marketing claims as potentially false or misleading, including statements related to trading fees, promotions and funds’ safety. (The Logic)

Talking point: The agencies said they had recently become aware of actions by crypto platforms “that may breach certain requirements of securities legislation and/or raise investor protection or public interest concerns.” In addition to potentially misleading statements, the agencies noted promotions that encourage investors to engage in “excessively risky trading”—for example, by offering rewards to the first investors to take an action—saying such practices could violate regulations. The notice comes as regulators increase scrutiny of crypto platforms: Binance, the world’s largest crypto exchange by volume, recently exited Ontario amid a crackdown on the sector by the province’s securities regulator.