Province of Ontario examining cryptocoin trading platforms

The Ontario Securities Commission (OSC) is examining the activities cryptocurrency trading platforms that are operating in the province. According to OSC, any platform offering cryptocoin trading had to determine whether it was a marketplace. Marketplaces must comply with rules governing exchanges or alternative trading systems. OSC claims that ICOs present investor protection issues. The exchanges and ICOs are operating in grey areas as regulators have yet to define clearly which security laws and regulations apply to the new offerings.

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