Canadian regulators outline new crypto guidelines

2021-3-15 14:31

The Canadian Securities Administrators (CSA) at the end of last week announced new guidance set to better the level of disclosures associated with digital assets

The Canadian Securities Administrators have formally laid out new guidelines to improve crypto disclosure. They specifically target issuers that are directly linked with digital assets in the country. The administration body, which features securities regulators from different regions in the country, published the guidance at the end of last week.

Speaking on the matter, the CSA chair Louis Morisse, said “The crypto asset industry is relatively nascent and notably presents unique accounting issues and auditing challenges. This guidance is meant to support crypto asset reporting issuers in providing the information necessary for investors to make informed investment decisions.”

The guidance dwells around disclosure expectations in “safeguarding crypto assets, the use of crypto asset trading platforms, risk factors, material changes, and promotional activities.” It further directs the issuers of crypto assets on how to handle challenging accounting and disclosure issues.

It also explains the need to eliminate erroneous disclosure as it affects the decisions made by investors.

“It is important to avoid inaccurate or misleading disclosure and to provide the information necessary for investors to make informed investment decisions. Crypto issuers considering filing a prospectus or entering into a restructuring transaction to enter the Canadian public markets should carefully consider what disclosure to provide about their business model in order to meet their regulatory requirements.”

The guidelines come at a time when Bitcoin is flourishing and attracting both retail and institutional investors all around the world. The massive Bitcoin purchases involving Tesla, MicroStrategy, and PayPal have significantly contributed to this prosperity.

Canada, particularly, represents one of the best crypto markets in the North and South American region. It was the first country in the region to have the first publicly-traded Bitcoin exchange-traded fund, Purpose Bitcoin Fund, which debuted last month. It was shortly afterward followed by Evolve Funds Group, whose Bitcoin ETF application got approval less than a week later.

Both had a brilliant start, with the former recording $421.8 million in assets under management within its first two days of trading on the Toronto Stock Exchange. Bloomberg analyst Eric Balchunas even predicted that the ETF would hit $1 billion in assets under management in its first two weeks of launch.

Down south, the US Securities and Exchange is yet to approve any of the filed applications seeking to introduce a similar ETF product into the market.

The post Canadian regulators outline new crypto guidelines appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0020147 (-100%)

new canadian guidelines crypto outline regulators journal

new canadian → Результатов: 126


Coinsquare files application to operate as regulated crypto exchange in Canada

Coinsquare, a Canadian cryptocurrency trading platform, has announced the appointment of Nicholas Thadaney and Wendy Rudd to its board of directors. The appointments follow the confirmation of Stacey Hoisak as Coinsquare’s new Chief Executive Officer, and the appointments of Lawrence Truong as Chief Compliance Officer, and Eric Richmond as Chief Operating Officer.

2020-11-26 08:45


Фото:

Canadian Firm 3iQ’s Bitcoin Fund Listed on Gibraltar Stock Exchange

The Gibraltar Stock Exchange said Tuesday that it listed a new bitcoin fund belonging to 3iQ Corp, a Canadian investment fund manager that focuses on new technologies and crypto assets. The announcement follows GSX Group’s recent launch of what it calls the Grid, “a venue to create and deploy debt securities, funds, and equities as […] The post Canadian Firm 3iQ’s Bitcoin Fund Listed on Gibraltar Stock Exchange appeared first on Bitcoin News.

2020-10-1 18:45


Фото:

Cardano’s ADA Can Now Be Used at Over 1,200 Retail Brands via Bidali Partnership

New partnership will see ADA being accepted at over 1,200 major online retail brands including Nike, Amazon, Starbucks, and Airbnb. EMURGO Inks Partnership with Bidali In an announcement on August 25, EMURGO, a founding partner of the Cardano (ADA) protocol stated it had entered into a strategic partnership with Canadian payment processor Bidali to tapRead MoreRead More.

2020-8-27 19:00


BitMEX Exchange Set To Shut Down Operations For Ontario, Canada-Based Customers

BitMEX, one of the largest Bitcoin futures exchange, will shut down its services to the Canadian province, Ontario, to users starting September 1st, 2020. In a blog post published on the BitMEX website, the exchange will restrict any new users, new orders, or an increase in existing orders from Ontario residents. Any existing open position […]

2020-8-24 19:01


Фото:

QuadrigaCX Operated Like a ‘Revolving Door’ Before Going Bankrupt: Canadian Regulators

A new in-depth report on the now-defunct Canadian crypto exchange QuadrigaCX shows the platform operating as a Ponzi scheme months before going bust. From trading with fake assets to covering losses with user deposits, the late Gerald Cotten allegedly ran QuadrigaCX in such a way that the platform was likely doomed to fail no matter […] The post QuadrigaCX Operated Like a ‘Revolving Door’ Before Going Bankrupt: Canadian Regulators appeared first on BeInCrypto.

2020-6-12 08:25


Фото:

New Guidelines Subject Canadian Crypto Exchanges to Securities Laws

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.

2020-1-18 19:10


Фото:

Canada Tightens Regulatory Oversight for Crypto Exchanges  

The Canadian Securities Administration (CSA), the nation’s financial regulator has released new guidelines to govern crypto market participants in the country. The new guidelines require all bitcoin (BTC) trading venues and crypto exchanges to come under its purview and operate in total compliance with securities law, according to a Finance Magnates report on January 17,Read MoreRead More.

2020-1-18 20:00


Canadian crypto ATM network Instacoin adds support for 7 stablecoins

Instacoin, a Canadain cryptocurrency ATM operator, today announced that its users can now buy and sell stablecoins across its network. The following seven new coins are now available at all Instacoin ATM locations across Canada: DAI (Multi-Collateral DAI), SAI (Single-Collateral DAI), Tether (USDT), USD Coin (USDC), Paxos Standard (PAX), TrueUSD (TUSD) and Gemini Dollar (GUSD).

2019-12-11 18:36


Фото:

Zcash (ZEC) Pumps $40k into Research Organization to Boost Anonymous Payments 

Zcash Foundation, the nonprofit organization in charge of privacy-centric altcoin, Zcash (ZEC) has donated 1044. 41369 ZEC ($40,000 USD) to non-profit Canadian group, Open Privacy Research Society, and the funding will be used to implement new initiatives that would further boost the growth of the Zcash ecosystem, according to a blog post on December 3, 2019.

2019-12-4 20:00


Could Trudeau’s Victory in Canada Propel Crypto Adoption, New Zealand Style?

Justin Trudeau has narrowly won the 2019 Canadian election, edging out his conservative opponent to form what is likely to be a minority government. If the legacy of Trudeau’s first term – apart from ending the decade-long brutishly pro-business policies of the Stephen Harper government – is the legalization of cannabis in the country, Canada […] The post Could Trudeau’s Victory in Canada Propel Crypto Adoption, New Zealand Style? appeared first on Crypto Briefing.

2019-10-23 15:26


Canadian Blockchain Companies Request More Regulatory Understanding From Government

The blockchain companies in Canada are eager to understand more about how the national government stands on the crypto space, a new report made by the Canadian Digital Chamber of Commerce has shown. According to the new report, which was devised to comprehensively analyze the national blockchain market, several new companies appear very bullish about […]

2019-10-10 22:42


Defunct Crypto Exchange QuadrigaCX Headlines Continue; Canadian Revenue Agency Begin’s Tax Audit

A new authority joins the investigative search on Quadriga CX, bankrupt digital asset exchange that lost over $190 million USD of customer’s funds. Ever since the Quadriga CX case broke out, whereby the Canadian digital asset exchange CEO, Gerald Cotton, reportedly died in India taking to the grave the private keys of users’ funds, a […]

2019-9-17 17:18


Canadian Investors Using Bitcoin ATMs to Purchase BTC are Warned of a New Scam by Authorities

In a report released by one of the Canadian dailies, authorities in the country are warning potential Bitcoin investors to beware of the ATM scams, which are becoming more rampant. Winnipeg police brought to light a recent scam intended to part gullible investors with their Bitcoin (BTC) as leaflets spread across Bitcoin ATMs in the […]

2019-8-30 17:13