Ontario Securities Commission (OSC) has taken action against two companies for allegedly failing at complying with local securities laws. The two companies are associated with KuCoin — a crypto exchange platform.
The securities regulator is looking to take further regulatory action. So far, the OSC has sent out a Statement of Allegations. In particular, Seychelles-based Mek Global Limited and Singapore-based PhoenixFin Pte. Ltd, are the two companies facing the allegations.
Both companies operate KuCoin. At the time of writing, KuCoin is processing …
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Source: Cryptocurrency - investing.com
