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Catalx: Canada’s warning shot on crypto compliance

Bitcoin stack with Canada flag in the background
Photo: Getty Images

Catalx was placed into receivership after allegedly breaching undertakings to the Alberta Securities Commission.

The Alberta Securities Commission (ASC) has moved against Catalyx and two of its senior executives, alleging breaches of securities laws that cut to the heart of Canada’s regulatory experiment with crypto trading platforms.

Former CFO Jae Ho Lee is accused of siphoning off at least C$14m ($11m) in customer