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…

Read More
bitcoin Bitcoin Exchange Crypto Michael Patryn QuadrigaCX 

QuadrigaCX Exposed? Founder Allegedly Traded $8 Million in Bitcoin

According to pseudonymous cryptocurrency researcher “I am Nomad” and a report from The Block, QuadrigaCX co-founder Michael Patryn traded large Bitcoin positions on BitMEX surpassing the tune of $8 million. QuadrigaCX Co-Founder Allegedly Caught Making Major Bitcoin Trades QuadrigaCX, the now-defunct exchange which was once Canada’s biggest cryptocurrency trading platform, claimed to have lost $150 million in crypto assets following the death of its CEO Gerald Cotten. The exchange claimed that Cotten passed away with sole control over user funds stored in cold wallets. As such, the company has not…

Read More