Canada Eyes Regulation of Crypto-Trading Platforms Amid Ongoing Quadriga Scandal
15 March 2019 6:22 AM GMT
Canada is moving to overhaul its securities regulations to cover crypto trading platforms such as Quadriga Fintech Solutions Corp., a digital exchange
- Amid Ongoing Quadriga Scandal Canada is moving to overhaul its securities regulations to cover crypto trading platforms such as Quadriga Fintech Solutions Corp., a digital exchange that lost access to C$260 million ($195 million) of investor assets after the death of its founder.
- The Canadian Securities Administrators, an umbrella organization of provincial and territorial regulators, is seeking comment on a tailored framework “to address the novel features and risks” of platforms that trade crypto assets.
- They’ve told us that a regulatory framework is welcome because they’re trying to build consumer confidence and expand their businesses across Canada and in some cases globally.
- Global incidents point to crypto assets having heightened risks related to loss and theft as compared to other assets,” it said.
Next Story
