The Ontario Securities Commission logo is shown in a handout. THE CANADIAN PRESS/HO June 09, 2021 - 5:44 AM
TORONTO - The Ontario Securities Commission is taking action against two foreign cryptocurrency companies after a deadline to enter discussions about bringing their platforms into compliance with provincial laws came and went.
The regulator says it is going after Mek Global Limited, a Seychelles-based company identified as KuCoin in the company s terms of service, and PhoenixFin Pte Ltd., a Singapore-based business which owns kucoin.com.
The OSC is pursuing the companies after it ordered crypto asset businesses to contact the regulator by April 19 to assess how their operations can meet Ontario securities standards.
OSC takes action against companies linked to KuCoin cryptocurrency platform - Business News
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OSC takes action against companies linked to KuCoin cryptocurrency platform
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