Canada Gives 30-Day Registration Ultimatum to Crypto Exchanges
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Loading... - Jose Lucas
- 20 Mar 2023
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On Wednesday, the Canadian Securities Administrators (CSA) published a notice with enhanced regulatory guidelines around "investor protection commitments" for cryptocurrencies, mandating the registration of crypto exchanges.
Canada Enhances Crypto Regulation
According to the official press release, the crypto asset trading platforms (CTPs) operating in Canada must provide a pre-registration undertaking with the country's securities regulatory within the next 30 days and initiate a full registration process.
The pre-registration undertaking would include enhanced expectations regarding the custody and segregation of client crypto assets and prohibiting the offering of margin or leveraged crypto products. Further, the Canadian regulator prohibits the exchanges from facilitating the purchase and deposits of stablecoins. Read More..
