The Premier of Bermuda, David Burt, has argued that QuadrigaCX would never have lost its crypto keys had it been registered in Bermuda.
The Premier of Bermuda, David Burt, has argued that a QuadrigaCX-like situation could not have happened in Bermuda because of the country’s existing legislation in regard to cryptocurrencies. Burt made his statements in an interview on Fortune’s “Balancing the Ledger” show on March 25.
Burt delivered his comments following QuadrigaCX’ founder, Gerald Cotten’s sudden death last December, and financial difficulty the exchange subsequently faced. QuadrigaCX has not been able to access its cold wallets where it kept most of its assets, because Cotten was apparently solely responsible for the wallets and corresponding keys.
Burt stated in the interview that QuadrigaCX’s private keys could never have been lost if the exchange were registered in Bermuda, and not Canada. Burt…
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