New Crypto Guidance Issued For Canadians

Posted on Jan 17, 2020

Canada have started 2020 on a strong foot as the Canadian Securities Administrators (CSA) have released new guidelines for trading cryptocurrencies. The goal of the regulation body is to provide clarification for trades which may not fall within the current securities laws, as they do not cover every case which may arise for the use of crypto. The CSA have also noted certain instances where cryptocurrencies act as securities, thereby they are required to comply with securities laws.

Louis Morisset, Chair of the CSA, pointed out growing development of the crypto industry as the encouragement for the regulator to further define its framework, as they aim to provide optimum support to Canadian fintech businesses.