Bybit and kucoin were fined by the Ontario Securities Commission for failing to comply with local securities laws

Sina Finance blockchain 2022-06-23 17:08:27 阅读数:858


Bo chain finance and economics learned that ,6 month 23 Japan , According to the CoinDesk, Ontario Securities Commission, Canada (OSC) announce , On cryptocurrency exchanges Bybit and KuCoin Law enforcement action was taken , Because they failed to comply with the securities laws of Ontario, Canada .OSC cognizance , Both exchanges are operating non compliant platforms , Allow Ontario residents to trade unregistered securities .

Bybit And OSC Reach a settlement , Paid them nearly 250 M c (190 Thousands of dollars ) The fine , And agrees to cooperate with the agency to properly register . meanwhile ,Bybit No longer accept new accounts from Ontario customers or promote their services in the province .

and KuCoin Accused of not cooperating OSC The investigation of , The Seychelles based exchange is permanently barred from participating in the Ontario capital market .

OSC The exchange was also fined 200 M c (150 Thousands of dollars ) The fine , And near 100000 The Canadian dollar (77000 dollar ) Investigation related expenses .

OSC Law enforcement officer Jeff Kehoe Express , Foreign crypto asset trading platforms that want to operate in Ontario must comply with the rules , Otherwise, they will face law enforcement action .

editor : Zhang Jingdi

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