Fraud Warning: The CRA Does Not Accept Bitcoin

Instacoin advises the public of a notable increase in fraudulent emails, letters and phone calls directed to Canadian citizens by scammers posing as the Canada Revenue Agency (CRA) in an attempt to extract payment. Do not send Bitcoin in response to such requests. We encourage you to contact the CRA to be familiar with their rules and procedures.

Instacoin operates a bitcoin payment service. Like other network providers, Instacoin is not responsible for your actions on the network.

Instacoin cannot help you if you deal with someone or for a purpose that you haven't taken the steps to verify.

Remember: bitcoin transactions are irreversible.

How can you tell if you are the target of this type of scam?

  1. The caller claims that they are from the CRA, attempts to gain your trust and asks you to provide personal information.
  2. The caller states that you owe a large sum of money in taxes to the CRA.
  3. The caller claims that if you fail to pay your taxes owed at a Bitcoin ATM immediately, you will be sent to jail.
  4. The caller will do anything to keep you on the phone and pressure you to make the transaction.

Learn more about preventing fraud