The announcement came after the OSC issued financial penalties against Bybit and KuCoin, claiming violation of securities laws and operating unregistered crypto-asset trading platforms. (Reporting via Ke_Arnol_d)
Bybit announced that it reached a settlement agreement with the Ontario Securities Commission on Thursday, a day after the OSC released a Statement of Allegations against the crypto asset trading platform.
According to the Settlement Agreement, Bybit has disgorged revenues totaling approximately $2.47 million and compensated the OSC $7,707 for costs. No additional monetary penalties were levied on Bybit as part of the agreement.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian Regulator Penalizes KuCoin and Bybit for Violating Securities LawsAs a result, Bybit will temporarily seize accepting new Ontario-based users, while KuCoin has received a permanent ban.
Read more »
Ontario regulator fines Bybit and bars Kucoin in continued fight against unregistered crypto exchangesICYMI: Ontario regulator fines Bybit and bars Kucoin in continued fight against unregistered crypto exchanges
Read more »
Ontario regulator fines Bybit and bars Kucoin in continued fight against unregistered crypto exchangesICYMI: Ontario regulator fines Bybit and bars Kucoin in continued fight against unregistered crypto exchanges
Read more »
Canadian Regulator Penalizes KuCoin and Bybit for Violating Securities LawsAs a result, Bybit will temporarily seize accepting new Ontario-based users, while KuCoin has received a permanent ban.
Read more »
Daunte Wright's family reaches $3.25M settlement with Minnesota city in wrongful death caseA Minnesota city has agreed to pay $3.25 million to the family of Daunte Wright, a Black man who was killed by a white police officer who said she mistook her gun for a Taser, according to attorneys representing Wright's family.
Read more »
Voyager enters into $500M loan agreement with Alameda amid 3AC exposureCrypto firms are now taking out loans. investvoyager, Alameda Research, and Three Arrows Capital are now involved in an agreement.
Read more »