Bitcoin Crime Bitcoin Exchange Canadian Securities Administrators Crypto CSA QuadrigaCX 

QuadrigaCX Scandal Jolts Canada to Regulate Cryptocurrency Exchanges

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…

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bitcoin Bitcoin Crime Bitcoin Scams Crypto thailand 

$1.3 Million Bitcoin Scam Swindles Victims in Thailand. Are Tougher Crypto Regulations Necessary?

A virtual bitcoin mining farm in Thailand has allegedly scammed users out of 42 million baht (approximately $1.35 million), according to a report in the Bangkok Post.  30 victims have filed a complaint against the company, CryptoMining.Farm. Although police believe the scam may have hit up to 140 individuals. It comes just months after a group of Thai siblings was accused of defrauding an investor of $24 million in bitcoin. Although Thailand is a booming market for cryptocurrencies, is it time for tougher regulations to crack down on scams and…

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