Canadian Securities Regulator ‘Looking Into’ QuadrigaCX Cryptocurrency Exchange

The Ontario Securities Commission is reportedly “looking into” crypto exchange QuadrigaCX in connection to “the potential harm to Ontario investors.”

The Ontario Securities Commission (OSC) has initiated a probe into Canada’s major cryptocurrency exchange QuadrigaCX, Reuters reported on Feb. 8.

The Ontario Securities Commission reportedly told Reuters that “given the potential harm to Ontario investors, we are looking into this matter and have already been in contact with the monitor.” OSC spokeswoman Kristen Rose reportedly declined to specify whether this means the Commission was formally investigating the exchange.

The news comes in the wake of the British Columbia Securities Commission’s claim that it does not regulate QuadrigaCX since the company has reportedly not shown signs of trading of securities or derivatives, or operating as an exchange in general. The aforementioned harm…

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2019-02-08 22:10:00

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Written by Cointelegraph

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