The BCSC finds LiquiTrade guilty of running an illegal exchange, which could result in sanctions ranging from fines to a ban.
A panel set up by the British Columbia Securities Commission (BCSC) has found LiquiTrade guilty of running an illegal exchange in Canada.
LiquiTrade’s Latoken crypto exchange was initially accused of violating Canada’s Securities Act in November 2022 when it processed $300 million in daily transactions for its 1.5 million user base.
Nearly two years into the investigation, a BCSC panel found LiquiTrade violating the Canadian securities legislation:
