Canadian regulator adds new requirements for crypto exchanges seeking registration Canada CanadianSecuritiesAdministrators regulation
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
"Recent insolvencies involving several crypto asset trading platforms highlight the tremendous risks associated with trading crypto assets, particularly when conducted on unregistered platforms based outside of Canada," said Stan Magidson, CSA Chair and Chair and CEO of the Alberta Securities Commission.
Trading platforms are “precluded from pledging, rehypothecating or otherwise using crypto assets held on behalf of Canadian clients,” and restrictions have been put in place to limit a CTP from relying on crypto assets to determine “the capital of the CTP for excess working capital purposes and in determining the capital base of the CTP.”
Those who do not wish to abide by the required pre-registration requirements are expected to “take appropriate action to off-board existing Canadian users and impose restrictions to prevent Canadian users from accessing its products or services.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Top 10 Canadian Fashion Designers | Elle CanadaWe've found the top 10 fashion designers in Canada influencing the world’s style from our home and native land.
Read more »
‘I Like Movies’: First Trailer Drops For Upcoming Canadian Comedy About A Movie-Obsessed TeenThe official trailer for the upcoming Canadian comedy film 'I Like Movies' has arrived. The film, which premiered at TIFF in September 2022 and recently screened as part of their Top Ten Film series, is the feature debut from Toronto-based director Chandler Levack. [readmore label='READ MORE: ' link='https://etcanada.com/news/967164/new-cbc-show-push-is-canadas-first-major-network-primetime-series-featuring-leading-cast-with-disabilities/' text='New CBC Show ‘PUSH’ Is Canada’s First…
Read more »
Actors question if new Canadian Screen Awards format gives talent enough spotlightA recent change in the Canadian Screen Awards format has some Canadian talent questioning whether it will give actors and creators enough time in the spotlight.
Read more »
Woman who masterminded husband's murder with Canadian beau jailed for lifeA North Dakota woman who conspired with her Canadian boyfriend to bump off her champion bowler hubby has been sentenced to life in prison.
Read more »