Canada: Announced BCSC investigation into LiquiTrade for allegedly engaging in derivatives trading without registration
Description
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 platform, LiquiTrade was accused of trading in derivatives without being registered and carrying on business as an exchange in British Columbia that is not recognised by BCSC.
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body