Canada Crypto Exchange Coinsquare Accused of Wash Trading by Watchdog
The Ontario Securities Commission alleges Coinsquare manipulated markets with fake trading volumes between 2018 and 2019.
The Ontario Securities Commission gave its blessing Thursday.
Following last year’s QuadrigaCX collapse and loss of client funds, Canada’s crypto exchanges are going the extra mile to rebuild the trust of consumers.
It may encourage U.S. regulators to approve their first bitcoin exchange-traded fund.
The veteran cryptocurrency derivatives exchange is to block users in Ontario, apparently at the behest of the local securities regulator.
In a settlement with the Ontario Securities Commission, three seniors executives at the Canadian exchange agreed to step down and pay penalties over fake trades.