According to Techub News, Cointelegraph reported that the British Columbia Securities Commission (BCSC) of Canada ruled that LiquiTrade violated the Securities Act.

BCSC stated that LiquiTrade has never been registered in any form under the Act, and there is no recognized exchange or clearing agency in British Columbia operated by LiquiTrade or using the name LATOKEN. It has not been authorized by the BCSC as required by the Act.

According to court documents, the sanctions against LiquiTrade will be finalized on August 14, and the sanctions may include fines and service bans.