Canada Securities Administrators (CSA) Releases New Crypto Guidelines

Canada Securities Administrators (CSA) Releases New Crypto Guidelines

Unlike the US SEC, Canada is acknowledging the benefits of crypto and Bitcoin.
The CSA has made clear its views and expectations with respect to staking cryptocurrencies.
The Canada Securities Administrators (CSA) have issued new rules for investment funds that hold or intend to engage in crypto assets, focusing particularly on meeting the requirements of securities legislation.
Unlike the US SEC, Canada is acknowledging the benefits of crypto and Bitcoin and is progressively loosening restrictions on investment in crypto assets. In the following months, major crypto events such as the 2023 Blockchain Futurist Conference and ETHToronto will take place.
Complying With Current Framework
The April 2020 issuance of a Canadian public crypto asset fund made it possible to establish a non-redeemable investment vehicle whose only holding is Bitcoin (BTC). There are now 22 Public Crypto Asset Funds in Canada, managing a total of $2.86 billion in assets as of April 30th, 2023.
Moreover, the Cana

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