Yesterday the Canadian securities regulators announced they are consulting on a framework for the regulation of crypto-asset trading platforms. The Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) jointly published a
paper and are looking for feedback by 15 May.
Few in the blockchain world will have missed the story of Canadian cryptocurrency exchange QuadrigaCX where the CEO died leaving clients unable to access funds. Unsurprisingly one of the items on the list for consideration is systems and business continuity planning.
Other areas to be explored include custody and verification of assets, price determination, market surveillance, conflicts of interest, crypto-asset insurance, and clearing and settlement.
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