B.C.’s securities regulator says a Vancouver company violated securities rules when it developed a cryptocurrency under false pretenses and
B.C.'s securities regulator says a Vancouver company violated securities rules when it developed a cryptocurrency under false pretenses and took in $3.3 million from 500 investors in B.C. and beyond.
The B.C. Securities Commission alleges payment processor NetCents and its CEO, Clayton Moore, broke securities rules when they issued a NetCents Coin cryptocurrency in 2017, including by making "misrepresentations" about demand and how the cryptocurrency was to be managed.
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