Canadian Capital Market Regulators Mull New Cryptocurrency Rules

in #busy • 5 years ago

Canadian Capital Market Regulators Mull New Cryptocurrency Rules
Capital market regulators in Canada are planning to establish new rules to curb the risks associated with cryptocurrency trading platforms. This follows the sudden death of Gerald Cotten, founder and chief executive officer of crypto exchange Quadrigacx, which led to about $145 million in frozen or missing cryptocurrencies.
Tailored Requirements for Crypto Exchanges
In a joint new consultation paper on March fourteen, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) spoke of the need to come up
with tailored necessities to handle the “novel options and risks” of digital currency exchanges.

#cryptocurrency #bitcoin #busypay
5 years ago in #busy by
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