The British Columbia Securities Commission (BCSC) said its investigation into the Liquidade crypto asset trading platform found that the company operated an illegal exchange. The investigation also determined that users were trading contract rights rather than the crypto assets that the platform claimed.
The BCSC said that Liquidatrade's Latoken platform was operating without registration and was essentially operating illegally in the province. The investigation team found that platform users "did not actually buy or sell actual assets" but traded contractual rights to obtain future withdrawal rights, which were derived from the underlying crypto assets. The BCSC said that although Liquidatrade was not authorized by the BCSC, it still promoted transactions in various ways, including creating a derivatives trading market and promoting derivatives traded on Latoken.
BCSC正考虑对Liquitrade施加制裁。此前,BCSC曾在2022年11月警告称,总部设在开曼群岛的Latoken母公司未获BCSC认可。BCSC要求Liquitrade代表于2023年1月10日前到其办公室接受问询,但Liquitrade未如期参与调查,尽管BCSC全程通知了该公司。现BCSC的调查小组将考虑对Liquitrade施加罚款或市场禁入等处罚。