• Wed, 24 Apr 2019, 07:53 AM
  • All times are UTC
  • Edition:
    International
Link copied

Canadian regulators seek to introduce regulatory framework for crypto-asset trading platforms

Mon, 18 Mar 2019, 03:47 am UTC

The Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) have published a joint consultation paper on the regulatory framework for crypto-asset trading platforms.

The joint Consultation Paper 21-402 “Proposed Framework for Crypto-Asset Trading Platforms” is seeking inputs from the fintech community, market participants, investors and other stakeholders on how regulatory requirements could be tailored for crypto-asset trading platforms operating in the country.

The key focus areas include how to address custody and verification of assets, price determination, market surveillance, systems and business continuity planning, conflicts of interest, crypto-asset insurance, and clearing and settlement.

“This consultation outlines a proposed regulatory framework that provides clarity for platforms, greater market integrity and protection for investors,” said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. “Platforms have told us that a tailored regulatory framework is welcome as they seek to build consumer confidence and expand their businesses across Canada and globally.”

The CSA and IIROC noted that depending on how these platforms operate and the crypto assets they support, they may be subject to securities and/or derivatives regulation. They emphasized that the structure of these platforms may introduce such features that pose risks to investors and Canada’s capital markets that may not be fully addressed by the existing regulatory framework.

“Where securities legislation applies to platforms, the CSA and IIROC are considering a tailored regulatory framework to address these novel features and risks,” the release said.

The last day to submit the comments is May 15, 2019.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $5,568.51 (+0.05%)
  • Ethereum (ETH) $166.18 (-5.36%)
  • XRP (XRP) $0.304200 (-6.98%)
  • Bitcoin Cash (BCH) $278.45 (-8.63%)
  • EOS (EOS) $4.92 (-8.15%)
  • Bitcoin (BTC) $5,568.51 (+0.05%)
Apr 24, 2019 (Wednesday)
07:39
Disney in talks to acquire Bitstamp and Korbit owner Nexon: Report
06:13
University of Nevada, Reno teams up with blockchain startup Filament on smart city mobility project
05:12
Crypto exchange Coinbase shuts Chicago division
04:20
MIT and other universities team up to explore blockchain potential for management of academic credentials
03:32
Societe Generale issues €100m of covered bonds as security token on Ethereum blockchain
Apr 23, 2019 (Tuesday)
11:47
Blockchain identity startup Civic expands network with 12 automated retail partners
11:02
Binance launches decentralized exchange ‘Binance DEX’ on Binance Chain
09:44
Hyundai to use blockchain in new smartphone-electric vehicle pairing technology
09:06
China opens first blockchain-powered notary office in Beijing
07:28
WISeKey to open Blockchain Center of Excellence in Saudi Arabia
07:06
Data-driven marketing firm Ascent Networks joins PUBLISH Alliance
06:17
British Virgin Islands partners with LIFElabs.io for crypto payments system
03:32
Japanese crypto exchange Zaif resumes operations after hack
Apr 22, 2019 (Monday)
11:33
Bithumb’s parent company BXA eyes US and Japanese markets for expansion
10:37
Bitcoin nonprofit BitGive partners with digital money platform Uphold
09:54
JPMorgan to add new functions to blockchain-based Interbank Information Network
09:09
Florida lawmakers introduce bill to establish blockchain task force
07:18
Dutch supermarket chain Plus to use blockchain to track bananas along supply chain
06:28
Crypto exchange Coinbase adds support for Augur’s Reputation token
05:11
Tennis superstar Serena Williams backs crypto exchange Coinbase
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft