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FTX's collapse pushed Canada's already robust cryptocurrency regulations further, offering protection to consumers and stability for compliant platforms but resulting in some major global platforms, like Binance, quitting the country because they weren't willing to comply.
"I think we're very fortunate in Canada, not to have seen a domestic collapse in the same way that you've seen some in some other places, internationally," said Gowling WLG partner Adam Garetson. "I attribute a lot of that to the application of the regime that's been set out by the Canadian Securities Administrators."
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
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