Canadian Watchdog Says It Doesn’t Regulate QuadrigaCX Exchange

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.


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