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OSC Takes Action Against Crypto Trading Platform Bybit

Published 06/22/2021, 11:45 AM
Updated 06/22/2021, 12:00 PM
OSC Takes Action Against Crypto Trading Platform Bybit

  • Canadian Securities Regulators targeted Bybit on a non-compliance trading platform.
  • Bybit is the second-largest crypto trading platform operating unregistered in Ontario.
  • OSC has taken similar actions against KuCoin.

Ontario Regulators targeted Bybit in their recent crackdown on non-compliance crypto trading platforms. Besides, Bybit is the second-largest crypto trading platform blamed for operating unregistered in Ontario.

Moreover, the allegations were incited against the platform by the Ontario Securities Commission (OSC). Also, it includes operating an unregistered crypto asset trading platform, together attracting Canadian clients to trade in asset products that are indeed securities and derivatives.

In the past month, OSC has taken similar moves against KuCoin. However, both acts cam...

This article was first published on coinquora.com

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