CSA said crypto assets and financial products will remain \u0027high\u002Drisk\u0027 investments even with new undertakings in place. Read more.
This pre-registration “undertaking” must include a pledge that Canadian clients’ assets will be held with an appropriate custodian and that these assets will be segregated from the platform’s proprietary business. Crypto platforms will also be prohibited from offering margin or leverage for any Canadian client, theFP FinanceBy clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
“Following recent events in the crypto market, the Canadian Securities Administrators is strengthening its approach to oversight of crypto trading platforms by expanding existing requirements for platforms operating in Canada,” the organization said in a statement Monday afternoon.
In Monday’s statement, CSA also said it is of the view that stablecoins can be securities or derivatives, or both.
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