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   433

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

ErisX May Start Spot Crypto Platform Test

American broker TD Ameritrade is among big players interested in new opportunities, but both companies continues to be silent
25 April 2019   82

ErisX Derivatives Exchange is may be testing a platform for spot trading in cryptocurrencies, and some major players have already become interested in new opportunities. American broker TD Ameritrade is among them, reports The Block.

While representatives of both companies refuse to comment on the situation, however, if the partnership information is confirmed, 11 million TD Ameritrade customers will receive access to spot cryptocurrency trading.

Thus, the company will become one of the first large brokers to provide retail traders with access to digital currencies as an independent asset, and will be able to compete with the Robinhood.

Last October, ErisX attracted investments from TD Ameritrade to launch a regulated exchange of Bitcoin derivatives, Bitcoin Cash, Ethereum and Litecoin.