Regulations needed after cryptocurrency CEO takes passwords to his grave

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The antics that led to the litigation almost defy credulity, and they highlight the

need for new regulations to better suit a financial marketplace that includes
virtual currencies.
News broke in early February that Canadian cryptocurrency exchange QuadrigaCX was seeking creditor protection, leaving in financial limbo about 115,000 people who had entrusted the firm to maintain their deposits of cash, Bitcoins and other digital tokens worth an estimated C$250 million.
The company's need for bankruptcy protection arose when its founder and chief operator, Gerald Cotten, died suddenly in December while vacationing in India. Normally, if a financial institution's executive officer meets an untimely demise, he or she doesn't bring to the afterworld the only keys to the vault. And thus clients maintain continued access their deposited funds all the while.

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