The regulator requires firms to keep their customers’ assets separate from their own.
Exchanges will have to comply with prohibition on margin and leverage trading.
If they want to operate in Canada, cryptocurrency exchanges will have to comply with stricter regulations. Such as a prohibition on margin and leverage trading. The Canadian Securities Administrators (CSA) released new guidelines on Monday. That requires firms to keep their customers’ assets separate from their own.
In August, organizations in the cryptocurrency industry were informed that they were required to submit a pre-registration undertaking (PRU) in order to continue running while applying for official registration. However, the CSA has promised that platforms would be informed “shortly” of the date by which PRUs must be submitted.
Recent Events Effect
A PRU would bind platforms to a more stringent set of regulations and procedures, although the CSA has cited “recent events in the crypto market” as the i
We współpracy z: https://thenewscrypto.com/canada-issues-new-stringent-guidelines-for-crypto-exchanges/
