QuadrigaCX Scandal Jolts Canada to Regulate Cryptocurrency Exchanges

QuadrigaCX Scandal Jolts Canada to Regulate Cryptocurrency Exchanges

TweetShareThe 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 ProtectionCanada has held back on detailed cryptocurrency regulation. It currently…

Pro-Bitcoin Square Headlines London Stock Exchange’s Blockchain ETF

Pro-Bitcoin Square Headlines London Stock Exchange’s Blockchain ETF

TweetShareInvesco, an American firm, and Elwood, a British digital asset investment company, announced the launch of a blockchain ETF on the London Stock Exchange today. The exchange-traded fund features 48 companies with ties to the blockchain industry, including some – like Square – that have dabbled directly in the bitcoin or crypto space.Invesco & Elwood…

Crazy Number of Subpoenas Shows Why Crypto Exchanges are Fleeing the US

Crazy Number of Subpoenas Shows Why Crypto Exchanges are Fleeing the US

The exorbitant number of requests that law enforcement agencies send to crypto exchanges shows why so many companies are fleeing the US. | Source: Shutterstock By CCN.com: A new report released by major crypto exchange ShapeShift revealed that it had received 18 subpoena requests from U.S. authorities in 2018. Despite being based in Switzerland, the…

Stablecoins are Beginning to See Traction Outside of Crypto Exchanges

Stablecoins are Beginning to See Traction Outside of Crypto Exchanges

Advertisement According to statistics published in Diar, stablecoins have seen more than 1000% increased transaction activity on-chain since September. This is not to speak to the massive volume at which they are traded internally on crypto exchanges, which numbers in the several billions per day. The statistics are a change from previous times when the…

Chile Court Approves Banks Banning Crypto Exchanges, Can Market Survive?

Chile Court Approves Banks Banning Crypto Exchanges, Can Market Survive?

Advertisement On December 6, the Third Chamber of the Chilean Supreme Court officially sided with the state-owned BancoEstado after it banned a local crypto exchange by shutting down its bank account. Orionx, a digital asset trading platform based in Chile, filed an appeal with the supreme court following an abrupt termination of its account by…

Hong Kong Reveals Regulatory Framework for Crypto Exchanges, Funds

Hong Kong Reveals Regulatory Framework for Crypto Exchanges, Funds

Advertisement Twitter Facebook LinkedIn The Hong Kong Securities and Futures Commission (SFC) released a statement today stipulating the regulatory standards that would define the trajectory of virtual assets portfolio managers and fund distributors, according to an announcement on its website. As per CCN’s report, the regulator had proposed the framework in a research paper published…

Bitfinex Struggles With Banks, Why Are Other Crypto Exchanges Fine?

Bitfinex Struggles With Banks, Why Are Other Crypto Exchanges Fine?

Advertisement On October 6, major bitcoin exchange Bitfinex obtained banking services from HSBC with a private account held by a Hong Kong corporation. Less than two weeks after establishing HSBC as its primary bank to handle deposits and withdrawals, Bitfinex has moved to Bank of Communications, the fifth-largest bank in mainland China and Hong Kong,…