May 7, 2014 10:28 am
Updated: May 7, 2014 10:47 am

Temporary cease trading order issued against Sask. Bitcoin company

Saskatchewan issues temporary cease trading order against a Bitcoin mining company operating in the province.

Screen Shot / Dominion Bitcoin Mining Company

REGINA – A temporary cease trading order has been issued against a Saskatchewan Bitcoin mining company.

Saskatchewan’s financial and consumer affairs authority (FCAA) issued the order against Dominion Bitcoin Mining Company Ltd.

FCAA says the company appears to have been soliciting investors but is not registered in Saskatchewan to trade in securities, placing it in possible violation of provincial security laws.

“The webpage of Dominion indicates that the company is accepting investors from all ten provinces,” said Ed Rodonets, deputy director of the FCAA enforcement branch.

“As a result, we have notified all other jurisdictions in Canada of this concern.”

Dominion has been notified of the order and has been given a chance to respond.

The order is in place until May 15 and may be extended.

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