Crypto platform Binance continues to tangle with Ontario Securities Commission despite exit from Canada
Canadian securities regulators tighten rules for unregistered crypto platforms in wake of FTX collapse
Binance’s application, filed by lawyers at Borden Ladner Gervais LLP in Toronto, says the OSC’s investigation order did not particularize any alleged breaches of Ontario securities law, an undertaking signed in 2022, or conduct contrary to the public interest by Binance beyond facts that were admitted by Binance in the undertaking.
The document contends that the investigation order is “a breach of the Commission’s settlement agreement with Binance” and should be revoked because it is “an abuse of the Commission’s process, as the repudiation of a settlement agreement and re-litigation of past conduct that led to the Undertaking.”
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