• Days
  • Hours
  • Mins
  • Secs
  • Wed, 18 Sep 2019, 03:30 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Canadian Securities Administrators includes blockchain and crypto-assets in Business Plan for 2019-2022

Mon, 17 Jun 2019, 08:56 am UTC

The Canadian Securities Administrators (CSA) has included crypto-assets and blockchain technology in its priorities over the next three years.

The CSA last week published its Business Plan for 2019-2022, which sets out the priorities of its members over the course of the next three-year period. The document lists six strategic goals, with the last one relating to “technology-related emerging regulatory issues.”

The regulator noted that the with the growing influence of social media platforms, companies, dealers, advisers, intermediaries and investors have immediate, direct and widespread access to the information that was previously available only to institutions and sophisticated investors.

“The CSA is considering the implications of emerging technologies, such as the growing influence of social media and innovation in distributed ledger technology (DLT), including blockchain,” the document reads. “The CSA should consider implications of activist short selling in the context of this technology.”

Speaking of crypto-assets, the CSA said that it will consider possible changes to adapt the existing regulatory framework to address the unique challenges brought by crypto-assets that fall under its jurisdiction.

The regulator further noted that there are currently no platforms that facilitate secondary trading of crypto-assets that are regulated as a marketplace in Canada. However, depending on how they operate and the crypto-assets being offered, some of these platforms may be subject to securities or derivatives regulation.

As such, the CSA is considering developing a “tailored regulatory regime for crypto-asset trading platforms that are subject to securities or derivatives regulation.”

In addition, it is also considering custodial requirements for registrants and investment funds that facilitate custody solutions for the trading and holding of regulated crypto-securities. The CSA will also analyze whether a more tailored approach to capital raising and disclosure requirements would be required when crypto assets are used to raise funds for various types of enterprises.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • OrlanSilva
  • 2019.06.19 20:52:23
There is indeed an interesting approach circulating on several sites which basically states that such strict position US agencies have held upon cryptos, actually increases the risks of money laundry. The approach sustains it that it’s actually more secure not to be so hard on token issuance. There’s a big collective hope for this to overcome any contrary criteria. Nevertheless, platforms such as MintMe have come up to help out creators and new traders at such.
  • 0
  • ·
  • 0
  • Bitcoin (BTC) $10,256.40 (-0.09%)
  • Ethereum (ETH) $211.11 (+6.85%)
  • XRP (XRP) $0.304700 (+16.77%)
  • Bitcoin Cash (BCH) $322.81 (+5.10%)
  • Litecoin (LTC) $75.26 (+3.67%)
  • Bitcoin (BTC) $10,256.40 (-0.09%)
Sep 18, 2019 (Wednesday)
Japan's LINE launches crypto exchange platform Bitmax
Crypto Technicals: ETH/USD breaks above 200-DMA, hits 5-week high at 215.00
Sep 17, 2019 (Tuesday)
Wells Fargo to pilot internal blockchain-based digital currency for payments
Marsh, Arch Insurance (UK) Limited launch insurance solution for digital assets ‘Blue Vault’
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto exchange Binance backs Chinese crypto news portal Mars Finance
Crypto Technicals: XMR/USD rejected at 200-DMA, scope for resumption of weakness
Hedera Hashgraph blockchain goes live with 26 dapps
Crypto Technicals: Ethereum pauses shy of $200 mark, set to extend bullish momentum
Harbor tokenizes iCap Equity’s $100M real estate funds using ethereum blockchain
Crypto Technicals: BCH/USD fails to extends weakness below 200-DMA, retrace above will see upside resumption
Women in Leadership: Publicis Sapient hires Merril Lynch veteran Priya Bajoria as SVP Financial Services
Crypto Technicals: IOT /USD forms successive Dojis at cloud resistance, dents scope for upside continuation
Crypto payment services BitPay to roll out Ethereum support in the coming weeks
Blockchain food provenance platform OpenSC secures $4M in seed funding
Australia's REIQ partners with Igloo to develop blockchain-based tenancy agreements
Crypto exchange OKEx Korea to remove all privacy coins, including monero, dash, zcash, over FATF's 'travel rule'
Aventus unveils new ticketing protocol Aventus Classic and $15K prize for blockchain developers
C4IR UAE, World Economic Forum introduce blockchain accelerator program at Dubai's Area 2071
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.