Bankruptcy Settlement: QuadrigaCX Creditors to Receive 13% of the Funds
87% of the funds that the Trustee of the defunct exchange now has will be distributed to users as part of the interim distribution.
Tag canada
Binance terminates its services in Canada amid strict crypto regulations
Crypto platforms in Canada are required to enter into a new version of preregistration undertakings, which are legally binding documents.
Gemini Takes a Step Forward in Canada, Files for Pre-Registration Undertaking
The Ontario Securities Commission received a pre-registration undertaking from the crypto exchange Gemini on April 12.
Paxos Announces Exit From Canada Citing Regulatory Ambiguity
The Canadian market will no longer be served by the fintech startup Paxos.
Derivatives Exchange dYdX announces Canada exit citing regulatory concerns
Crypto Derivatives Exchange dYdX declared its departure stating the Canadian customer base would no longer be able to use its decentralised derivatives exchange
Canada bans crypto leverage and margin trading
On December 13, the Canadian Securities Administrators (CSA) updated the country's crypto trading platforms.
Canada’s New Budget Declaration Unveils Consultation on Crypto and Stablecoin
The Canadian government cited its worries about the potential threats that digital assets and the digitization of money may pose to its financial system.
Canadian Police Seized $28 Billion Bitcoin from a Government Employee involved in Ransomware Attacks
Key Takeaway: A former Canadian government employee has been extradited to the United States, with more than $28 Million in Bitcoin seized in connection with the case. According to his LinkedIn profile, Sebastien Vachon-Desjardins worked as an IT consultant for…
Republican Lawmaker Drafts New Crypto Bill to Stymie Another Canada Situation
Key Takeaways: Trudeau gets thrashed for his move against Canadian protestors. A Republic Lawmaker has introduced a bill to avoid the reoccurrence of Trudeau’s move. The Freedom Convoy, which started as a protest against vaccine mandate measures, has now become…
Ottawa Court Orders to Freeze Bitcoin Wallets; It’s a Shame they Can’t
The Canadian government sent a Mareva Injunction to Nunchuk, a hardware wallet provider, ordering them to freeze Bitcoin wallets and disclose user information. Recently, a private class-action lawsuit was filed against participants in Canada’s “freedom convoy”. It has been successful…
