The securities regulator in Canada, the CSA, has issued new guidance regarding crypto trade, and when it may fall outside of securities laws.
Canada makes a move to regulate crypto
Ever since the announcement of Facebook’s Libra back in 2019, regulators around the world started putting a lot more effort into regulating digital currencies. However, this still remains a relatively new asset class, which has yet to be adequately understood and defined.
Even so, at the start of 2020, Canada appears to be one of the most active countries when it comes to trying to regulate the crypto sector. Most recently, the country’s regulators, the Canadian Securities Administrators (CSA) issued guidance regarding crypto trades.
1/ The Canadian Securities Administrators released additional guidance on securities law and crypto exchanges today: https://t.co/ZJqUrkaSDK
— Matt “bitcoin” Burgoyne (@BurgoyneMatt) January 16, 2020
Securities laws do not cover the crypto industry adequately
The regulators’ goal was to clarify when crypto trades may fall…