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nic carter
@nic__carter
In the wake of Quadriga, Canadian securities regulators are pushing back against custodial exchanges HARD. Their new guidance holds that custodial coins are potentially derivatives (a right for future BTC, eg), rather than the thing itself.
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trent.eth
@trent_vanepps
seeing as no one has, i'll just mention this quietly . . . ⁿᵒⁿ⁻ᶜᵘˢᵗᵒᵈᶦᵃˡ ᵈᵉˣ ᵒⁿ ᴱᵗʰᵉʳᵉᵘᵐ
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nic carter
@nic__carter
Replying to
@jespow
and
@trent_vanepps
jesse, I think exchanges could do a lot to clarify the specific claim that users have on exchange-held bitcoin, especially in the absence of federal regulation. eg – what happens in BK if the exchange has a large outstanding credit line?
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