Ontario bonds regulator probing cryptocurrency trade platforms after complaints

The Ontario Securities Commission is entertainment information on several cryptocurrency trade platforms after it perceived a series of complaints.

The regulator says a platforms, and any businesses that concede cryptocurrencies that are bonds to trade on them, might be offside bonds laws.

It says any height that offers this form of trade contingency establish either it is a marketplace. Marketplaces are compulsory to approve with a manners ruling exchanges or choice trade systems.

The regulator says to date, nothing have been famous as an exchange, or exempted from recognition.

The pierce by a Ontario regulator comes amid a arise of initial silver offerings, that might be used by companies as an choice approach to lift money.

With small regulation, initial silver offerings have lifted worries about probable financial scams.

Article source: http://www.cbc.ca/news/business/ontario-osc-cryptocurrency-1.4608411?cmp=rss