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   200

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

SEC to Start VanEck-SolidX BTC-ETF Consideration

Starting today, the 45-day countdown to the SEC initial decision was launched
20 February 2019   107

For the first time since August of last year, two proposals on the creation of a Bitcoin-ETF are under consideration by the US Securities and Exchange Commission (SEC).

The application of VanEck and SolidX, issued in cooperation with the Cboe BZX exchange, as expected, was included in the Federal Register issue this Wednesday, with which the 45-day countdown to the SEC initial decision was launched. The application of Bitwise Asset Management and NYSE Arca was published last week.

I … hope that our investment in regulatory and market education, hard work and commitment will be honored when the time comes.
 

Gabor Gurbacs

Director of digital asset strategy, VanEck

The head of Bitwise’s research department, Matt Hogan, believes that not only firms that have submitted bids to create Bitcoin-ETFs are looking for approvals, but and the entire “extremely fast-growing” crypto industry.

A year ago there was maybe one qualified crypto custodian … and now there are half-a-dozen, and that number will go up from here. A little more than year ago, we didn’t have futures. A year ago we didn’t have nearly as many firms making markets. A few months ago, you didn’t have folks like Fidelity announced in the space. It’s evolving really, really quickly.
 

Matt Hougan

Global head of research, Bitwise

 As reported, ultimately, however, a bitcoin ETF approval will depend on how companies approach their proposals.