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Bybit enters into settlement agreement with Ontario Securities Commission

Coin Telegraph LogoCoin Telegraph6d ago

Bybit enters into settlement agreement with Ontario Securities Commission

Quick Summary

Bybit is currently holding listing discussions with the provincial regulator, and if the process fails, the firm will cease operations in Ontario.

According to the Settlement Agreement, Bybit has disgorged revenues totaling approximately $2.47 million and compensated the OSC $7,707 (CAD 10,000) for costs.

The agreement includes several measures to be taken by Bybit as it engages in registration talks with the Canadian regulator.


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Article Details

Author / Journalist: Cointelegraph By Arnold Kirimi

Category: Crypto

Topics: Cryptocurrency Exchange Bitcoin Regulation Exchanges

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 11:39:02

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 3 minutes read

Article Length: 364 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 5822

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 9 posts per day

Year Established: 2013

Headquarters: United States

Last Updated: 7h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

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