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In total, the defendants controlled $13,4 million in cryptocurrencies

The exchange joined other major platforms that had already left the local market

The OSC is investigating a violation of the securities law by the exchange

The company attributed the decision to new industry regulations

The platform’s representatives hope for a change in the regulatory environment in the country, which will allow the resumption of work

The combined company will offer institutional and retail trading, staking, and business-to-business crypto payment processing

In its email to clients, the platform refers to “new regulations”

All trading pairs with the stablecoin will be removed from the platform

The moratorium has been imposed for 18 months and will not affect farms already operating in the region

The regulator also warned that companies should not provide access to digital assets that could be considered securities or derivatives

The moratorium has been imposed for 18 months and will not affect cryptocurrency mining companies already operating in the region

FCF Pay debit cardholders can also book flights using more than 20 stablecoins