Canada is set to prohibit crypto firms from offering leveraged trading to its citizens.
The decision was explained on the Canadian Securities Administrators (CSA) website, where it was stated that these activities should not be allowed as they are considered “high-risk, speculative investments.” This means that firms will no longer be able to offer leveraged trading of cryptocurrencies to Canadians.
The announcement by the CSA is the latest in a string of measures taken to protect investors from the perceived volatile nature of cryptocurrencies. In the past, the agency has cracked down on crypto firms offering services such as margin trading, which allow customers to borrow money to speculate on the price of digital coins.
The new rule is intended to prevent customers from taking on more risk than they can handle. It also serves to protect against possible issues, which can occur when customers are not aware of the potential losses they may incur when investing in leveraged tradi
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