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    Home ยป Canadian tax will study the activities of the "lost" $ 190 million exchange QuadrigaCX

    Canadian tax will study the activities of the "lost" $ 190 million exchange QuadrigaCX

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    By BlockchainJournal on September 18, 2019 News
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    The Canadian Tax Agency (CRA) intends to examine corporate declarations that ceased to exist as a result of the bankruptcy of the QuadrigaCX bitcoin exchange, The Globe and Mail reports .

    CRA sent a request for access to the tax reporting of the exchange from October 1, 2015 to September 30, 2018, that is, on the date when QuadrigaCX tentatively began problems with the withdrawal of funds.

    The E&Y auditor, acting as the trustee of the exchange, intends to discuss the tax request and obtain permission from the court to disclose information.

    At the same time, the company noted that one way or another they are forced to comply with the CRA requirements, although this will take a lot of time and delay the payment of compensation to victims.

    Recall that at the beginning of the year it became known that QuadrigaCX lost access to user funds by $ 190 million, and somewhat later, Indian authorities confirmed the death of the founder of the exchange, Gerald Cotten.

    In April, a court ordered the platform to begin bankruptcy proceedings.

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