Cryptocurrency offerings can provide new opportunities for businesses to raise capital and for purchasers to access a broader range of investments. In many cases, these offerings are structured as initial coin offerings (ICOs) or initial token offerings (ITOs). These offerings can raise investor protection concerns due to issues around volatility, transparency, valuation, custody and liquidity, as well as the use of unregulated cryptocurrency exchanges. Investors may be harmed by unethical practices or illegal schemes, and may not understand the properties of the products that they are purchasing. If the coins or tokens being sold are securities, then securities laws in BC will apply if the person or company selling the securities is conducting business from within BC or if there are BC investors.