Court to Take Custody of Disputed Quadrigacx Funds, New York Grants 14th Bitlicense
In recent regulatory news, a Canadian court has moved to take custody of funds worth approximately $19.5 million that were deposited with the Canadian Imperial Bank of Commerce by Quadrigacx before being frozen due to alleged competing claims of ownership. Also, New York regulators have granted the 14th Bitlicense to New York Digital Investment Group, and it has been alleged that China has threatened to cut off power miners in Yunnan Province who fail to comply with compliance checks.
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They are seriously fighting for a lot of money. May the best firm wins this battle.