Canada Crypto Exchange Coinsquare Accused of Wash Trading by Watchdog

[Riya143]

Canada-based crypto trading platform Coinsquare has been accused by the Ontario Securities Commission (OSC) of inflating its trading volumes in an illegal practice called wash trading.

In a Statement of Allegations from the OSC, filed last Thursday, the regulator alleges Coinsquare’s CEO Cole Diamond, founder Virgile Rostand and executive Felix Mazer knowingly manipulated markets via fake trading volumes and “authorized, permitted or acquiesced in this conduct” by the firm's staff.
Read More: https://www.coindesk.com/canada-crypto-exchange-coinsquare-accused-of-wash-trading-by-watchdog