Thursday, 1 November 2018

Investing In Cryptocurrency - Preeceville's Main Street with the Mayor Garth Harris for Thursday November 1st, 2018 8:35 am

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Working Draft for:

Preeceville's Main Street with the Mayor Garth Harris for Thursday November 1st, 2018 8:35 am

With GX94's Craig Wallebeck > see him @ http://www.gx94radio.com/craig-Wallebeck


This week we focus on: Investing In Cryptocurrency


Using Or Investing In Cryptocurrency? Know The Risks

Released on October 31, 2018

“As October is Investor Education Month, the Financial and Consumer Affairs Authority (FCAA) is warning consumers of the potential risks of investing and trading in cryptocurrency.

Cryptocurrency is digital money that is not legal tender.  It is not issued by the Bank of Canada and no financial institution is involved with the transactions.  Digital money is sent from one person’s computer to another through a peer-to-peer database network.  The most popular type of cryptocurrency is the Bitcoin.  Other types can include Ethereum, Dash, Ripple and Litecoin.

“If you choose to use or invest in cryptocurrency, do your due diligence and know what you’re dealing with,” FCAA Acting Deputy Director of Enforcement Securities Division Harvey White said.  “Be sure to contact a professional advisor who can help you with any questions you may have.  It’s important to remember that if you don’t fully understand the risks - don’t get involved.”

Cryptocurrency Investment Risks:

  1. Volatile - Cryptocurrency prices rise and fall dramatically often driven by media hype and public interest.
  2. Unprotected - Cryptocurrencies are not backed by a bank or authority like Canadian currency is.  Additionally, cryptocurrency may not be subject to securities regulation, which means you may have little recourse in a dispute and may be vulnerable to your investment’s value being manipulated.  Cryptocurrency trading platforms and exchanges are susceptible to cybersecurity threats and hacking.
  3. Complex - Cryptocurrencies are by their nature, complex and difficult to understand.  It can be confusing and time-consuming to trade or withdraw cryptocurrency, often requiring several intermediaries.  It is also hard to make informed decisions without financial statements and traditional assessment criteria to rely on.
  4. Expensive - Certain fees are associated with trading cryptocurrency.  Make sure you understand what it will cost you to trade.  These costs have the potential to erode profits.

For more information about cryptocurrency, visit http://fcaa.gov.sk.ca/consumers-investors-pension-plan-members/investors/cryptocurrency or contact the Securities Division at 306-787-5645.”

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For more information, contact:

Shannon McMillan, Financial and Consumer Affairs Authority, Regina

Phone: 306-798-4160 Email: shannon.mcmillan@gov.sk.ca

Block Chain > 1,000 > $1k


" Bitcoin's blockchain can be loaded with arbitrary data. In 2018 researchers from RWTH Aachen University and Goethe University identified 1,600 files added to the blockchain, 59 of which included links to unlawful images of child exploitation, politically sensitive content, or privacy violations. "Our analysis shows that certain content, eg, illegal pornography, can render the mere possession of a blockchain illegal."[229]

Interpol also sent out an alert in 2015 saying that "the design of the blockchain means there is the possibility of malware being injected and permanently hosted with no methods currently available to wipe this data" "


The Canadian Securities Administrators (CSA) is an umbrella organization of Canada’s provincial and territorial securities regulators whose objective is to improve, coordinate and harmonize regulation of the Canadian capital markets.


"To prevent fraud, use the National Registration Search to check if your dealer or adviser is registered.

In Canada, anyone in the business of trading securities or advising clients on securities must be registered with the securities regulator in each province or territory where they do business, unless an exemption applies.

Registration helps protect investors because securities regulators will only register firms and individuals if they are properly qualified. The category of registration tells you what products and services a firm or individual can offer (for example, mutual fund dealing representatives can only sell mutual funds).

Being registered, however, doesn't mean that all firms and individuals have the same skills, provide the same services or charge the same fees. Make sure you understand their qualifications, and the products or services they are selling you.
Registration Information
Find out more about registration rules and the National Registration database.
Learn More »  
National Registration Search
The National Registration Search is a web-based tool that provides information about individuals and firms registered with securities regulatory authorities in Canada. 
Learn More » "
Around Preeceville this fall: Safety - New down town sidewalks are done, pavement done from Midtown to the Water treatment station. Lions are working on their trail project around the town. This year work is ongoing on the North side of the town along the ski trails and old nature trails. 
All will improve safety when driving, walking or hiking the trails in Preeceville. Great work everyone! 



Events:

 - Ongoing

- Preeceville & District Lions Club Chase the Ace 
Minimum Jack-Pot is now at a $4,458.00
Draws every Thursday night at the Curling Rink.
Watch their Ad's.   Follow the ACE on Facebook: https://www.facebook.com/PreecevilleChaseTheAce/


- The Town of Preeceville is pleased to announce the opening of Preeceville Dental. The clinic is now accepting new patients from across the Parkland area. The phone number is 306-547-1555 and the address is 27 Main St North, which is the Library building in downtown Preeceville.


606 Harvard Preeceville Air Cadets SSC Pulled Pork Lunch
November 2nd from 11:30 to 1:30 at the Club 60. The cadets would like to invite everyone to join them for pulled pork on a bun, coleslaw and a drink for $5.

Remembrance Day Program
The Remembrance Day Program at the Preeceville Community Legion Hall will be held November 11th at 10:45 Sharp.

 Whitehawk Art's Council 
The Whitehawk Art's Council fall season ticket & patron Campaign is on now. Get your tickets at x-cessories by Kerry, Preeceville & Lil's Fashions, Sturgis.

Season includes: Ghostboy, Pretty Archie and Erin Costelo. ​​​

 Canadian Red Cross – Friendly Visiting Program
Meet new people. Connect with your community. Help those in need by volunteering with the Canadian Red Cross. The Red Cross is looking for volunteers for the Friendly Visiting Program. The Program connects volunteers with seniors in your area, providing new social connection through a weekly home visit or phone call. If you are interested in learning more about the program, visit their website at www.redcross.ca/SKVisiting , call 306-216-6602 or email friendly.visitingsaskatchewan@redcross.ca

 Walking Club
Too cold to go for a walk outside? Join other walkers every Monday, Wednesday and Friday mornings from 9:00-10:00 am at the Preeceville Community Legion Hall for the months of November thru to April. For more info contact Jackie at 306-547-2842.

 Christmas Trees for Sale
​Preeceville Figure Skating Club will be selling live Christmas Trees and wreaths as a fundraiser.  The Saskatchewan grown trees will be available early December. Contact Andrea at 306-547-2810

Preeceville Public Library
Preeceville Library will be hosting the upcoming Christmas Craft show, December 1, 2018, 10-3pm. at the Preeceville Community Legion Hall. There will be a raffle for a handcrafted quilt, made and donated by Janet McElhinney. Tickets will be available at the library or from any board member and will be sold the day of the show. Draw will be made at the end of the show. The quilt is on display at the library. There will be a 50/50 draw, door prize, pictures with Mr. and Mrs. Clause, cadets will be doing Lunch. Admission is free. Everybody is welcome! 
- Check out the new look on our town web site. It goods great and it's easily to follow all of our events and programs.

 - And as always if you wish to have an event promoted visit and post it to our Community Events Calendar at www.townofPreeceville.ca


Follow the Mayor on the town site at http://www.townofpreeceville.ca/default.aspx?page=65&cid=6 follow me on blogspot at http://mayorharris.blogspot.ca/

















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