05 Nov BC Securities Commission Launches First Public Probe into Bitcoin Exchange
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The BC Securities Commission (BCSC) is investigating complaints about the Vancouver-spawned Bitcoin exchange ezBtc, whose users say they cannot access their cryptocurrency on the platform, the regulator said today in a statement to The Tyee.
The investigation was underway as early as September, sources close to the matter told The Tyee.
The move was unexpected for the a body whose mandate does not usually cover cryptocurrency exchanges. It’s the first time the commission has publicly said it is investigating an exchange. After The Tyee revealed in July that ezBtc had been accused of owing millions, the BCSC said in a statement that while an exchange may theoretically fall under its mandate, none did at that time.
David Smillie, the founder of ezBtc, could not immediately be reached for comment. His…
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