OSC: Takes action against crypto firm Bybit
- OSC administers and enforces securities law in the province of Ontario. The mandate the to provide protection to investors from unfair
- Bybit, incorporated in the British Virgin Islands, is operating an unregistered crypto asset trading platform
- On March 29, 2021, warned crypto-asset trading platforms that offer trading in derivatives or securities in Ontario
- Platforms were given until April 19, 2021 to discuss how to bring their operations as a dealer or marketplace into compliance
- Staff will continue to take action against non-compliant crypto–asset trading platforms
- Continues to add unregistered crypto-asset trading platforms, including 12 platforms that were added recently, to its Investor Warning List
