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Canadian regulators have charged Liquitrade with operating illegal cryptocurrency exchange Latoken.

The British Columbia Securities Commission (BCSC) recently announced that Liquitrade Ltd. operated Latoken without registration, effectively operating an illegal exchange in the province. The BCSC said a panel investigating the operator found that users of the crypto-asset trading platform "did not actually buy or sell assets", but traded contractual rights to those assets, which allowed them to demand future withdrawals of those assets.

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2024-07-07 20:27:27