QuadrigaCX to be Beyond Canadian Watchdog View

As explained, exchange hadn't trade in securities or derivatives so it shouldn't be controlled by the regulator
08 February 2019   201

The British Columbia Securities Commission reported that the QuadrigaCX cryptocurrency exchange, which owed millions of dollars to its customers, did not fall under its jurisdiction.

In a conversation with Reuters, a spokesperson for the department, Brian Kladko, explained that QuadrigaCX did not trade in securities or derivatives, and therefore should not be controlled by the regulator.

The CSA continues to urge Canadians to be cautious when considering buying crypto-assets through trading platforms.
 

Ilana Kelemen
Spokeswoman, CSA

At the same time, Canadian regulators were aware of QuadrigaCX activities since 2017, however, based on the information they had, no action was required on their part.

This week, the court agreed to provide QuadrigaCX 30-day protection against creditors' claims, while representatives of the exchange and the auditing company EY will try to restore, presumably, the assets blocked on the cold wallets of the exchange after the death of its owner

Poloniex to Suspend Operations for Few Hours

Representatives of the exchange say users' funds will be completely safe during maintenance
21 February 2019   85

The cryptocurrency exchange Poloniex has announced maintenance, which will begin on February 22 at 22 UTC. The trading platform will be unavailable for several hours.

Representatives of the exchange claim that the users' funds will be completely safe. Technical work associated with the modernization and transition "to the best data centers, which will increase the reliability of the platform and increase uptime."

Also in Poloniex noted that the trade orders of users will not be canceled.

Recall, recently Poloniex has added to the listing of privacy-oriented cryptocurrency Grin.