Canadian Police Issue Warning Over Bitcoin Tax Scam

Canadian Police Issue Warning Over Bitcoin Tax Scam

Police in Canada have issued a warning over a bitcoin tax scam after more than 40 York region residents fell victim to fraudsters. According to a report by CBC News, York Regional Police said that victims lost as much as 340,000 Canadian dollars (US$267,000) through the scam. The fraudsters, who identified themselves as employees of the Canada Revenue Agency, threatened the victims with arrest for unpaid taxes if they did not send funds using bitcoin ATMs.