“The Canadian Securities Administrators (CSA) has unveiled a framework to guide exchanges and issuers of stablecoins, aiming to enhance transparency and trust. The rules require stablecoin issuers to maintain sufficient reserves with a qualified custodian and disclose crucial platform information, underscoring the need for investor information and protection.”
Search Results for: Stan Magidson
Unearthing the Tug-of-War: Canada’s Blockchain Regulatory Evolution & Its Impact on Stablecoins
The Canadian Securities Administrators’ recent clarification on stablecoin trading rules indicates that exchanges may be allowed to trade these value-referenced crypto assets if sufficient asset reserves are maintained and necessary information is disclosed. This regulatory intervention could significantly affect the crypto landscape in Canada.