Ontario Watchdog to Gather Info on Crypto Exchanges

According to representative of Ontario Securities Commission they received a "number of complaints" on exchanges
09 April 2018   671

Ontario Securities Commission (OSC) began to study the activities of local crypto exchanges. According to OSC representative Kristen Rose, the agency received a "number of complaints" on platforms selling cryptocurrencies that can be qualified as securities. This is reported by CoinDesk.

These platforms,  and any businesses that allow coins/tokens that are securities to trade on them, may be offside securities laws.
 

Kristen Rose

Representative, OSC

In accordance with local laws, exchanges are required to file an application with the OSC and be officially recognized. Thus, companies should document various aspects of their activities, including principles of corporate governance, commissions, necessary requirements for access to services and so on.

According to the publication, none of the platforms that are currently studying the OSC, is not legally recognized in Ontario. At the same time, the Commission notes that this is not yet a full-scale investigation, because at the moment "gathering information about [the platforms'] activities."

Binance to Add USDC Trading Pairs

On December 15, BNB / USDC, BTC / USDC, ETH / USDC, XRP / USDC, EOS / USDC, XLM / USDC and USDC / USDT will appear on the trading floor
14 December 2018   105

Binance, the largest cryptocurrency exchange in terms of trading volume, will add trading pairs with USD Coin (USDC) to the combined steylcoin market (USDⓈ).

On December 15, BNB / USDC, BTC / USDC, ETH / USDC, XRP / USDC, EOS / USDC, XLM / USDC and USDC / USDT will appear on the trading floor. At the same time, on December 16, Binance will remove the currently existing USDC / BNB and USDC / BTC trading pairs.

At the end of December Binance renamed the USDT market into the combined market of stablecoin. A few days later, Binance added Paxos tokens to this market.