In Canada, the Ontario securities regulator announced that Binance wasn’t authorized to offer services in the province; meanwhile in India, WazirX exchange was accused of evading of $5 million in taxes.
The Ontario Securities Commission continues to tighten its grip on digital currency operators, recently barring digital currency platforms from offering Tether (USDT) trading services.
Due to Tether’s legal troubles, the Ontario securities regulator has placed the digital currency under “Prohibited Crypto Assets,” the only asset under this category.
The Ontario securities regulator has set its sights on OKEx, which it accuses of non-compliance, after it went after Poloniex, Kucoin and Bybit.
Binance came under regulatory fire on three continents in the space of a single weekend, another sign that the enforcement walls are rapidly closing in on the troubled cryptocurrency exchange.
The Ontario Securities Commission has issued a statement of allegations against Bybit, accusing the company of operating in its jurisdiction without obtaining the required licenses.
The Ontario Securities Commission has initiated enforcement proceedings against the companies behind the KuCoin exchange.
Seychelles-based Poloniex is accused of trading securities without registering with the Canadian Securities Administrators as required by the Ontario Securities Act.
A mandate from the securities regulator has prompted digital currency exchange BitMex to block Ontario residents from its services.
CEO Cole Diamond, founder and President Virgile Rostand, and CCO Felix Mazer are accused of intentionally manipulating markets.
Fidelity disclosed it had purchased slightly over 4.1 million "units" of Hut 8 during the overnight market offering on June 23, 2020.
CoinLaunch has agreed to take its lumps after trading unregistered securities in Canada.
