The North American Securities Administrators Association (NASAA) said it had more than 200 active investigations regarding initial coin offerings (ICOs) and other cryptocurrency-related products. In a press release, the agency said that its \u2018Operation Cryptosweep,\u2019 which began last May, had already resulted in 46 \u201cenforcement actions.\u201d \u201cWhile not every ICO or cryptocurrency-related investment is a fraud, it is important for individuals and firms selling these products to be mindful that they are not doing so in a vacuum... Sponsors of these products should seek the advice of knowledgeable legal counsel to ensure they do not run afoul of the law,\u201d NASAA President Joseph Borg said, noting that offenses other than fraud, such as failure to register an offered product, were prevalent. Borg also said that, apart from his office\u2019s efforts, individuals had to do their due diligence before participating in ICOs or purchasing a financial product offered to them. \u201cBe cautious when dealing with promoters who claim their ICO offering is exempt from securities registration but do not ask about your income, net worth or level of investing sophistication,\u201d Borg said. The NASAA\u2019s members include the United States, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada and Mexico. Borg also serves as Director of the Alabama Securities Commission, which, in May, sent cease-and-desist letters to five cryptocurrency companies operating in the state. One of them, Miami-based Platinum Coin, claimed it would provide a 320% annual return to investors. Just this past week, Colorado Securities Commissioner Gerald Rome put a halt to three cryptocurrency businesses whose ICOs weren\u2019t registered. One of them, Bionic Coin, promised it \u201cwill grow your money without any effort.\u201d A Diar report revealed that in the first two weeks of August alone, ICO scams were responsible for investors losing $68 million. Of this amount, Shenzhen Puyin Blockchain Group took off with $60 million through three fraudulent ICOs, while a startup called NVO took off with the remaining $8 million. Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto\u2019s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.