Non-compliant stablecoins listed on Canadian-registered crypto platforms will be required to be delisted by Dec. 31, 2024.
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Gemini’s exit came just a few days after the Canadian Securities Administrators released an update to crypto trading firms about stablecoins.
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Crypto traders have been on interim rules since March 2021, and it’s time to finalize membership in the securities industry’s self-regulatory organization.
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Canadian regulators have issued new guidance determining when current securities legislation applies to operations conducted by cryptocurrency exchanges. According to the clarifications in the document, many domestic and foreign entities serving Canadian users, for example those that provide custodial services, will have to abide by the country’s securities laws and act like securities dealers. Also […]
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Capital market regulators in Canada are planning to establish new rules to curb the risks associated with cryptocurrency trading platforms. This follows the sudden death of Gerald Cotten, founder and chief executive officer of crypto exchange Quadrigacx, which led to about $145 million in frozen or missing cryptocurrencies. Also read: Bitcoin Exchange Gatecoin Shuts Down […]
The post Canadian Capital Market Regulators Mull New Cryptocurrency Rules appeared first on Bitcoin News.
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