QuadrigaCX Scandal Jolts Canada to Regulate Cryptocurrency Exchanges19.2

The infamous QuadrigaCX scandal has culminated in the losses of $150 million in user’s cryptocurrency funds. Now, Canada has called for “input” on tailoring new regulation to cryptocurrency exchanges operating within its borders. Canada’s Securities Regulator and Investment Body Issue a Consultation Paper to Increase Investor Protection Canada has held back on detailed cryptocurrency regulation. It currently adopts a wait and see approach and utilizes its existing securities laws and regulators. In this way, Canada monitors and guides emerging fintech and cryptocurrency businesses in the country. An exchange’s entire funds vanishing as the founder dies without leaving access to cold

The post QuadrigaCX Scandal Jolts Canada to Regulate Cryptocurrency Exchanges appeared first on CCN

Original source

Add comment

Please Sign in to be able to leave comments.