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Law360 (June 8, 2021, 6:47 p.m. EDT) – Ontario’s securities regulator has accused the KuCoin cryptocurrency exchange of selling securities without proper registration, the second share in this type of the agency as part of a compliance crackdown on cryptocurrency companies.
The enforcement arm of the Ontario Securities Commission said Monday that Mek Global Ltd. and PhoenixFin Pte. Ltd., the parent companies of KuCoin, are breaking Ontario securities law by selling securities and derivatives to residents without meeting registration requirements. Mek Global is incorporated in Seychelles and PhoenixFin is incorporated in Singapore, according to the OSC.
At the end of March, the commission released a public notice stating that crypto-asset companies had until April 19 to make contact …
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