Bitcoin beware: Police say scams on the rise

Broken representations of the Bitcoin virtual currency, placed on a monitor that displays binary digits, are seen in this illustration picture, December 8, 2017. REUTERS/Dado Ruvic/Illustration/File Photo

Winnipeg police are once again warning about Bitcoin scams.

Investigators say a large number of Manitobans have fallen victim to various scams that involve sending Bitcoin through ATMs.

They say you should never send money, pay bills or even use a Bitcoin ATM unless you are familiar with what Bitcoin is.

Typically, these scams involve someone calling you and pretending to be a bill collector or a representative from the Canadian Revenue Agency.

Officers say scammers will say you owe money and ask for payment through a Bitcoin ATM, which are available at many stores around the city.

Read more: Charges laid after Manitoba Liquor & Lotteries defrauded of over $275,000, police say

The CRA says they never ask for and do not accept Bitcoin as payment.

Story continues below advertisement


Sponsored content