Bagikan artikel ini
Canadian Watchdog Says It Doesn't Regulate QuadrigaCX Exchange
British Columbia's securities watchdog has said that it has no remit to regulate troubled crypto exchange QuadrigaCX.
Oleh Yogita Khatri
The securities watchdog in the Canadian province of British Columbia has said that it has no remit to regulate troubled crypto exchange QuadrigaCX, which owes customers millions of dollars said to be frozen on an encrypted laptop.
According to Reuters, the British Columbia Securities Commission (BCSC) spokesman Brian Kladko said Thursday that, as Vancouver, B.C.-based QuadrigaCX was not trading in securities or derivatives, the exchange does not come under its purview.
STORY CONTINUES BELOW
Jangan lewatkan cerita lainnya.Berlangganan Newsletter Crypto Daybook Americas hari ini. Lihat semua newsletter
The Canadian Securities Administrators (CSA) also told Reuters: “No crypto-asset trading platform had been regulated as a marketplace by Canadian securities regulators.” The CSA is a collective forum comprising the regional securities regulators of Canada.
Possibly as much as $190 million in both cryptocurrency and fiat owned by QuadrigaCX users have been unreachable since the firm's founder and CEO, Gerald Cotten, died in December, leaving no a way for staff to access the computer apparently storing its funds.
Cotten’s death has been at the center of concerns and theories about the state of the exchange and the sequence of events leading up to the current situation.
The exchange has since sought creditor protection in the Nova Scotia Supreme Court as it seeks to find a way to refund users and access the locked funds. On Tuesday, a judge from the court granted the exchange its application, giving it a 30-day stay of proceedings to try and resolve the situation for users.
Vancouver image via Shutterstock
Lebih untuk Anda
Yang perlu diketahui:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
