Canada proposes regulatory framework for cryptocurrency exchanges

posted 7 days ago
Canadian financial regulatory authorities are considering putting in place rules for cryptocurrency exchanges in the country. The regulator said “We must adapt to innovation, and provide clarity to the market about how regulatory requirements might best be tailored and applied to these unique business models, while maintaining investor protection.”

The regulator considers cryptocurrency platforms to be hybrid in nature, meaning they can perform functions of one or more market participants, including alternative trading systems, exchanges, dealers, custodians and clearing agencies. Therefore, they are considering the preparation of a set of “tailored” regulatory requirements to address the risks and features of cryptocurrency platforms.
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