The Canadian Securities Administrators published new guidance for the local crypto industry Wednesday, warning exchanges and other platforms they would have to abide by "enhanced investor protection commitments." According to a press release, companies hoping to operate in Canada would have to make these commitments through a pre-registration process while working on their actual registrations. They have 30 days to comply. In this pre-registration process, exchanges and other companies will...

Digital Currency Group (DCG) intends to sell its subsidiary Genesis' crypto trading business as well as its lending arm, which is restructuring through bankruptcy, a Genesis attorney said Monday as the company revealed a pact with creditors. Cleary Gottlieb attorney Sean O'Neal, representing Genesis, explained the proposed settlement during the status hearing for the crypto lender, which filed for bankruptcy protection last month. Earlier Monday, CoinDesk had reported that DCG and Genesis...

I got to the airport in Zurich and the first person I ran into was a friend from Austin visiting her family in Reykjavik. Anyways, I’m OOO this week, so if you need anything email someone else. The crypto industry went on a rehab tour last week in Davos, Switzerland, among the world’s elite at the World Economic Forum’s annual meeting. To my surprise, there was an audience interested in what the industry looks like now. You’re reading State of Crypto, a CoinDesk newsletter looking at the...

Hey folks. I’m in Davos, Switzerland, through the rest of this week covering the World Economic Forum’s annual conference and the crypto panels held adjacent to the main event. Feel free to reach out on Telegram if you’re here. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. Crypto winter The narrative The World Economic Forum is holding its latest annual meeting in snowy Davos,...

More Canada-based social media company Kik is relinquishing control of its legal defense crowdfunding campaign to the Blockchain Association in an effort to broaden the initiative’s reach. Kik and the Blockchain Association announced Friday that the D.C.-based lobbyist group would be taking over “Defend Crypto,” the crowdfunding initiative that Kik previously launched to raise funds for its ongoing battle with the U.S. Securities and Exchange Commission. While Kik will retain the $5 million...