Bybit, KuCoin each fined more than C$2 million in Canada for securities compliance failures

The Ontario Securities Commission (OSC) has conducted 2 palmy enforcement actions against Bybit and Kucoin.

The marketplace regulator said successful June 22 release that some exchanges failed to comply with the Ontario securities instrumentality by operating unregistered trading platforms.

KuCoin is required to wage C$2 cardinal and is permanently banned from Ontario’s superior markets.

Bybit responded to the enforcement enactment and reached a colony with the OSC. The speech is ordered to wage a C$2.5 cardinal punishment and is taking steps to comply with Canadian securities law.

More details to follow.

The station Bybit, KuCoin each fined much than C$2 cardinal successful Canada for securities compliance failures appeared archetypal connected CryptoSlate.