Released on May 6, 2014
The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) issued a Cease Trade Order on May 1, 2014, against Saskatchewan based Dominion Bitcoin Mining Company Ltd. (Dominion).
The order directs that all trading in securities issued by Dominion cease up to and including May 15, 2014. The order may be extended as necessary.
Dominion is a federally incorporated company with a registered office in Saskatchewan. Dominion maintains a webpage at www.dominionbitcoin.com. The company purports to be in the business of mining Bitcoin. It appears that Dominion has been soliciting investors, and is not registered in Saskatchewan to trade in securities, therefore it may be in violation of Saskatchewan securities law.
“The webpage of Dominion indicates that the company is accepting investors from all ten provinces,” FCAA Enforcement Branch Deputy Director Ed Rodonets said. “As a result, we have notified all other jurisdictions in Canada of this concern.”
Dominion has been notified of the order and has the opportunity to respond to the FCAA.
Anyone contacted by Dominion should contact the FCAA Securities Division at 306-787-5645.
For more information, contact:
Financial and Consumer Affairs Authority