Sanctions seek deterrence, level playing field for compliant crypto firms
Unregistered investment funds are allegedly costing investors millions
Regulator brings first case alleging breach of money laundering rules involving unregistered crypto activity
Interest-bearing accounts constituted securities, regulator alleged
NovaTech allegedly took more than US$650 million from investors globally
Order demands US$12.7 billion in disgorgement, investor restitution
Misconduct continued even when rep was under close supervision, CIRO says
Regulators call time on interim approach to onboarding crypto firms
Firm winding down after running into capital trouble
New regime aims to enhance consumer protection, set industry standards