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I wonder how the collapse of Quadriga will impact the housing bubble in Canada? I suspect some part of the assets was used for Chinese money laundering and inve
by myth_drannon 8y ago
I wonder how the collapse of Quadriga will impact the housing bubble in Canada? I suspect some part of the assets was used for Chinese money laundering and investment in Canadian real estate(cue the Chinese guy in the article) .
- DKnoll 8y agoIt's just 250m so... not much.
- rchaud 8y agoAt a time when detached homes in Toronto and Vancouver are selling for a million or close to it, this will have no impact. Foreign buyers have numerous options to move money out of their countries through the regular banking system or via in-person cash transfers. Both of which have far less risk than a virtual exchange run by a twentysomething now presumably dead.