LiquidTrade Faces Penalties Following Investigation into Alleged Illegal Operations

IconCryptoNewsTerminal Staff08 Jul, 2024

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LiquidTrade Faces Penalties Following Investigation into Alleged Illegal Operations

The British Columbia Securities Commission (BCSC) has declared that LiquidTrade, a cryptocurrency exchange, has been operating illegally. This revelation is the result of a two-year investigation by the BCSC. LiquidTrade's affiliated exchange, Latoken, faced charges in November 2022 for breaching Canadian securities laws. The BCSC aims to solidify its stance on enforcing compliance within the crypto industry. A decision regarding the enforcement action against LiquidTrade is anticipated by August 14th.