2020-8-24 10:56 |
The veteran cryptocurrency derivatives exchange is to block users in Ontario, apparently at the behest of the local securities regulator.
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While the U. S. Securities and Exchange Commission continues to contemplate whether or not to approve a Bitcoin exchange-traded fund (ETF), Canada has taken the plunge. Canadian regulators have approved a regulated Bitcoin trust fund which allows investors to invest in Bitcoin through retirement and savings accounts.
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“Misleading advertisements and improper marketing strategies may encourage investors to take on risks they would normally avoid," said CSA chair Louis Morisset.
The commission has made similar allegations against Bybit, crypto exchange KuCoin and Polo Digital Assets.
The commission alleges Bybit exposes local investors "to unacceptable risks and create[s] an uneven playing field within the crypto asset trading platform sector.”
The Ontario Securities Commission gave its blessing Thursday.
Alex Tapscott, the co-founder of the blockchain company NextBlock, has reached an agreement with the Ontario Securities Commission after producing “misleading content”. Per the report by The Globe and Mail on May 13, 2019, the entrepreneur, aside paying the sum of $300,000 as penalty fine, will also be giving lectures on ethics to Canadian business schools.
Finance A study by the Ontario Securities Commission reveals that over half a million people, 5 percent of Ontario residents, currently own cryptocurrencies. Japan Confirms Entrance Into the Crypto Space 5% of Ontarians Have Crypto The Ontario Securities Commission (OSC) published a study last week entitled “Taking Caution: Financial Consumers and the Cryptoasset Sector.” The report describes: