Canada’s investment watchdog rolls out crypto custody rules to avoid another QuadrigaCX
Canada's investment regulator has introduced new rules for cryptocurrency custody to prevent incidents similar to the QuadrigaCX scandal, where investors lost millions when the exchange's founder died, allegedly taking the private keys with him. The regulations require crypto firms to hold clients' assets in a manner that ensures their safety and transparency. Firms must also implement strict reporting and compliance measures to protect investors. This move aims to bolster investor confidence in the crypto market and enhance overall regulatory oversight in the sector.
Read the full article: CoinDesk