Canada: BCSC investigation into LiquiTrade for allegedly engaging in derivatives trading without registration
Progress
Current status
under investigation
03 Jul 2024 under investigation
15 Nov 2022 under deliberation
Scope
Implementers
Canada
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Issued BCSC’s findings following investigation into LiquiTrade for allegedly engaging in derivatives trading without registration
On 3 July 2024, the British Columbia Securities Commission (BCSC) concluded that LiquiTrade, a company operating the cryptocurrency trading platform LATOKEN since 2020, facilitated derivatives transactions without being registered and ran an illegal…
SourceEvent type
investigation
Action type
interim ruling
Government branch
executive
Government body
other regulatory body
Announced BCSC investigation into LiquiTrade for allegedly engaging in derivatives trading without registration
On 15 November 2022, the British Columbia Securities Commission (BCSC) opened an investigation alleging that LiquiTrade operates a cryptocurrency trading platform known as LATOKEN, accessible to residents of British Columbia. By operating the platfo…
SourceEvent type
investigation
Action type
announcement
Government branch
executive
Government body
other regulatory body