Tagged: osc

October 3, 2022 @ 2:01 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) recently announced insider trading charges against two Canadian software engineers who reportedly “made $1.6 million by trading ahead of non-public, market-moving financial information.” According to the SEC’s complaint, from at least May 2018 to July 2021, Harpreet Saini… Read More

April 25, 2022 @ 7:37 pm By JD Alois  |  

The Ontario Securities Commission (OSC) has announced 7 firms that will participate in its Fintech sandbox called TestLab. The OSC TestLab is a dedicated testing environment for firms to try out new approaches to regulation aimed at reducing burden, promoting economic growth, and fostering capital… Read More

March 21, 2022 @ 7:26 pm By JD Alois  |  

Binance has sent a letter to the Ontario Securities Commission (OSC) telling the regulator it is committed to ceasing opening new accounts in Ontario. Last year, Binance Canada announced it would cease providing crypto services in Ontario. The OSC allows crypto exchanges to provide trading in… Read More

December 31, 2021 @ 12:07 pm By JD Alois  |  

Binance Canada, or Binance Canada Capital Markets, Inc., has been registered as a Money Service Business (MSB), The Calgary-based operation is registered to provide foreign exchange dealing, money transferring, and dealing in “virtual currencies.” The registration is good until December 2024. As shared with CI,… Read More

August 24, 2021 @ 3:11 pm By Tony Zerucha  |  

Canadian cryptocurrency trading platform Coinberry has become the first pure-play registered crypto trading platform in Canada. This registration will allow Coinberry to offer Canadians crypto-based products and services on a regulated platform. “We at Coinberry have been working hard with our partners at DLA Piper to… Read More

July 16, 2021 @ 2:51 pm By Omar Faridi  |  

A panel of the Ontario Securities Commission (OSC) confirms that it has approved a settlement agreement with Vantage Global Prime Pty Ltd (VGP) and Vantage International Group Ltd (VIG) for selling contracts for difference (CFDs) to Ontario investors in an improper manner. The settlement agreement… Read More

June 23, 2021 @ 8:37 pm By Omar Faridi  |  

The Ontario Securities Commission (OSC) announced on June 21, 2021 that it has taken action against “non-compliant” international cryptocurrency trading platform, Bybit. The OSC released a Statement of Allegations against Bybit Fintech Limited for “failing to comply with Ontario securities law.” Bybit is incorporated in… Read More

June 23, 2021 @ 4:44 pm By Tony Zerucha  |  

The Ontario Securities Commission (OSC) has issued an exemption order which allows a Canadian platform to offer tokenized production financing opportunities. The decision was issued after the OSC’s LaunchPad team reviewed the proposal to ensure investors will avoid lengthy waits before monetizing their investment. Armed… Read More

March 30, 2021 @ 8:33 am By JD Alois  |  

The Ontario Securities Commission (OSC) has issued a statement that crypto trading platforms must be in compliance with existing securities law or they fact potential regulatory action. This news arrives around the same time the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization… Read More

February 19, 2021 @ 8:38 am By Omar Faridi  |  

As digital assets investing continues to become more widely adopted by institutional clients, Canada is introducing its second cryptocurrency exchange-traded-fund (ETF). The Ontario Securities Commission (OSC) has reportedly approved the second Bitcoin ETF from Evolve Funds, which has come only a few days after the… Read More

February 15, 2021 @ 7:22 pm By Omar Faridi  |  

Researchers at Bloqport have confirmed that publicly-traded firms and fund managers now hold approximately $60 billion worth of Bitcoin (BTC), which is around 6% of the digital asset’s circulating supply. Publicly-traded companies and fund managers now hold around $60 billion worth of #Bitcoin, roughly 6%… Read More

July 22, 2020 @ 4:04 pm By JD Alois  |  

The Ontario Securities Commission (OSC) has approved a settlement agreement with Coinsquare Ltd., a top crypto exchange based in Canada. According to the OSC, Coinsquare executives  Cole Diamond, Virgile Rostand and Felix Mazer have settled allegations of market manipulation on the Coinsquare platform that mislead… Read More

June 18, 2020 @ 6:39 pm By JD Alois  |  

One Big Crypto Ponzi Scheme Last week the Ontario Securities Commission (OSC) published a report documenting the collapse of QuadrigaCX, a crypto-exchange operated Gerald Cotten who reportedly died taking the crypto exchange to the grave. The review by the OSC staff disclosed that the failure… Read More

April 13, 2020 @ 1:25 pm By JD Alois  |  

Last week, 3iQ Corp. successfully commenced trading of The Bitcoin Fund (TSX:QBTC.U). The Fund was the product of an initial public offering (IPO) of units and a merger with 3iQ Bitcoin Trust. According to a company release, the Fund’s investment objectives are to provide holders… Read More

January 17, 2020 @ 6:46 pm By Cali Haan  |  

Toronto lawyer Amy ter Haar has provided her take on the Ontario Securities Commission’s (OSC’s) CSA Staff Notice 21-327: Guidance on the Application of Securities Legislation to Entities Facilitating the Trading of Crypto Assets. In short, the guidance could render any cryptocurrency trading platform subject to… Read More

January 16, 2020 @ 10:11 pm By Cali Haan  |  

The Canadian Securities Administrators (CSA) have made a major announcement regarding the regulation of cryptocurrency and “cryptoasset” trading platforms in the country, one that could add significant operational costs in the near term. Under the guidance, unless they have obtained an exemption, cryptocurrency trading platforms in… Read More

December 31, 2019 @ 3:06 pm By Cali Haan  |  

Companies wishing to provide the Ontario Securities Commission (OSC) with, “feedback on the regulatory and capital raising challenges faced by innovative businesses at various stages of development,” have until Friday, January 3rd, to complete the OSC’s Launchpad Survey. The survey was designed in collaboration with… Read More

November 28, 2019 @ 8:43 am By JD Alois  |  

This week, the Ontario Securities Commission (OSC) published a report on how it intends to dramatically reduce the regulatory burden in Canada’s most economically robust province. The report was completed after a 12 month review period and supported by the Ontario Ministry of Finance. Governments… Read More

November 28, 2019 @ 8:02 am By Omar Faridi  |  

The government of Ontario is looking to updating their regulatory policies for capital markets while reducing the regulatory burden. Improvements for both large and small firms are the goal. This includes innovative businesses in Fintech as they will receive: “more flexibility in the OSC’s approach… Read More

October 30, 2019 @ 6:13 pm By JD Alois  |  

3iQ Corp. (3iQ), a Canadian investment fund manager, has received a favorable ruling regarding “The Bitcoin Fund” from the Ontario Securities Commission (OSC), according to a company release. Reportedly, 3iQ will issue a final prospectus for a closed-end Bitcoin fund which will be listed on… Read More