Canada’s securities regulator tightens rules for crypto exchanges
-
Loading... - Sebastian Trivia
- 20 Mar 2023
- 91 Views
- 0 Like
- 0 Comment
The Canadian Securities Administrators (CSA), which regulates Canada’s capital markets, has laid out the investor protections it expects from cryptocurrency trading platforms operating in the country.
When registering with the CSA, it says crypto exchanges must have enhanced protections for the custody and segregation of crypto assets for Canadian clients and a prohibition on offering margin, credit or other forms of leverage. Platforms are also prohibited from allowing the purchase or deposit of stablecoins without prior written consent from the CSA.
However, crypto custodians will “generally” be considered qualified if they are regulated by a financial regulator in Canada, the US, or a similar jurisdiction with a supervisory regime for conduct and financial regulation, the CSA says. Read More..
