Bitbuy Technologies Inc.’s Ontario Securities Commission Approval

Wildeboer Dellelce LLP acted for Bitbuy in connection with its registration and exemptive relief applications.

On November 30, 2021, Bitbuy Technologies Inc. became the first crypto asset trading platform (CTP) to be regulated as a marketplace in Canada.

Bitbuy operates a proprietary platform though which clients may purchase, sell and hold crypto assets such as bitcoin and ether.

Bitbuy is now registered as a restricted dealer and has obtained additional exemptive relief from the Canadian Securities Administrators pursuant to an order dated November 30, 2021. Most notably, Bitbuy became the first CTP registered as a restricted dealer to obtain exemptive relief from the marketplace rules set forth in National Instrument 21-101 – Marketplace Operation, National Instrument 23-101 – Trading Rules and National Instrument 23-103 – Electronic Trading and Direct Electronic Access to Marketplaces.

The Wildeboer Dellelce team comprised of Geoffrey Cher (Picture), Colin Romano, Jeff Arnold and Hannah Dodick (securities).

Involved fees earner: Geoffrey Cher – Wildeboer Dellelce LLP; Colin Romano – Wildeboer Dellelce LLP;

Law Firms: Wildeboer Dellelce LLP;

Clients: Bitbuy Technologies Inc. ;

Sonia Carcano

Author: Sonia Carcano