Catalx: Canada’s warning shot on crypto compliance

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

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