"Fake" regulatory and dispute resolution entities are being used to make some crypto providers look legitimate, warns the Canadian Securities Administrators. Canadian citizens are being advised to double-check crypto trading service providers, as the platforms may be using “fictitious” regulatory bodies to boost their credibility. According to a June 20 Investor Alert from the Canadian Securities Administrators, some “purported” crypto platforms are claiming to be approved by dubious regulatory authorities or dispute resolution organizations in “an effort to appear legitimate.”