Coinspeaker
Canada Lists Stringent Requirements for CTPs Trading in Stablecoins
The Canadian Securities Administrators (CSA) issued a notice on February 22nd elaborating on the novel commitments required for crypto asset trading companies (CTPs) who are eyeing registration in Canada. The CTPs in Canada will be a part of the new version of preregistration undertaking (PRUs), which are legally binding manuscripts. Principal regulators will then reach out to these CTPs to discuss compliance with the new requirements.
The new commitments also describe investor safety because of the spree of CTPs that dissolved in 2022. The new requirements talk about topics like division of assets, leverage, determination of capital, and transparency.
The Canadian Securities Administrators consists of securities regulators from each of the ten provinces and three territories in Canada.
The Crypto asset trading platforms will now be forbidden from allowing clients to trade and deposit stablecoins, or any ot
We współpracy z: https://www.coinspeaker.com/canada-requirements-stablecoins/
