Canadian Regulatory Group Targets Crypto Exchanges Holding Users’ Digital Assets
Canada's top financial watchdog has told crypto exchanges they will be subject to securities law if they act as custodians to users' digital assets.
Kraken's Japanese subsidiary, Payward Asia Ltd., is expected to launch operations in mid-September.
Following last year’s QuadrigaCX collapse and loss of client funds, Canada’s crypto exchanges are going the extra mile to rebuild the trust of consumers.
Diginex CEO Richard Byworth said the firm’s public listing will give it more transparency than other crypto exchange operators.
It’s unclear if the Aug. 14 virtual meeting is related to a rumored plan to take Coinbase public, but such events often presage direct listings.
As institutions unload bitcoin, crypto’s traditional base – retail investors – is doing most of the buying, market participants said.