Moonday Morning: Bitcoin dev ordered to prove Craig Wright isn’t Satoshi

It’s Monday which means it’s Moonday Morning and time to catch up with the top news from over the weekend. Let’s get to it. 1. Canadian financial regulators are learning from the QuadrigaCX debacle and are taking action to begin regulating cryptocurrency exchanges to mitigate the risks associated with virtual currency exchanges. In a joint paper, published last week, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) explores how regulations need to be tailored to the unique business models of cryptocurrency businesses. The regulators are using the feedback from cases such as QuadrigaCX’s to develop regulatory frameworks that address risks to investors and can deliver more integrity to the market. Brace yourselves, Canadian cryptocurrency regulations are coming. 2. Bitcoin BTC developer Jeff Garzik has been served a subpoena ordering him to provide information relating to a multi-billion dollar lawsuit filed against Bitcoin SV front man, Craig Wright, according to a tweet posted last Friday. The lawsuit filed by the family of David Kleiman, who is believed to be one of the first Bitcoin developers, alleges that Wright stole up to 1.1 million BTC ($4.4 billion at press time) after Kleiman passed away in 2013. Garzik has to provide 28 types of evidence pertaining to the case, including all “documents, communications, and agreements that support [Garzik’s] “personal theory” that David Kleiman is Satoshi Nakamoto. Garzik has 30 days to provide the evidence. 3. A further five US states could be getting dedicated cryptocurrency regulations akin to New York‘s BitLicense, according to a recent state senate hearing. If the proposal is successful, residents of Nevada, California, Oklahoma, Rhode Island, and Hawaii could end up having a highly restricted opportunity to cryptocurrencies. New York‘s BitLicense for example restricts what cryptocurrency exchanges are allowed to operate in the state,
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