CoinLaunch reaches a $50,000 settlement with the Ontario Securities Commission

CoinLaunch, an initial coin offering consultant, has agreed to pay $50,000 to the Ontario Securities Commission (OSC), according to documents published on the regulator’s website dated July 24. CoinLaunch was consulted on two ICOs, BCZERO and ECOREAL, both of which were found to be securities. The regulator reportedly noted that the penalty imposed was modest but appropriate since CoinLaunch was not aware of the registration requirements, cooperated with the regulator and took remedial steps.