OKX point to ‘new regulations’ as reason for Canada exit
Canadian regulators have been shoring up digital currency regulatory loopholes and demanding better from VASPs, and OKX is unable to adhere to the new regulations.
Latest Canadian Securities Administrators News
Canadian securities watchdog passes new rules for VASPs, demands swift compliance
To safeguard investors, Canada enhances its regulatory control of VASPs, which includes restricting them from offering stablecoins to customers and segregating digital assets held for local clients.
Canada’s securities regulator tightens rules guiding digital asset service providers
Part of the new measures outlined by the Canadian Securities Administrators includes prohibiting service providers from allowing customers to trade digital assets that are considered securities or derivatives.
Canada’s Newton exchange imposes annual purchase limit on digital assets
Seeking to protect users from buying more assets than their financial positions can handle, one Canadian exchange has limited annual limits, with BTC and ETH exempted.
Canada introduces new pre-registration filing for unlicensed digital asset firms
The Canadian Securities Administrators says that digital asset trading platforms are expected to file a "pre-registration undertaking" while their license application is under review.
Canada’s new guidance targets advertising and social media for digital currency exchanges
The new guidance also aims to swipe so-called “gambling style” promotions used by some digital currency exchanges, which it says are responsible for unwise investment behaviors.
Canada regulator: Poloniex is non-compliant
Seychelles-based Poloniex is accused of trading securities without registering with the Canadian Securities Administrators as required by the Ontario Securities Act.
Canada issues new guidance for digital currency exchange regulation
Two Canadian regulatory agencies published the proposals to delineate where existing securities legislation applies to the activities of digital currency businesses.
Canadian regulator says securities laws apply to most exchanges
If an exchange isn’t sending you your crypto immediately, then securities laws apply, affording you all the protections that come with it.
Crypto exchanges face ‘tailored’ regulatory regime in Canada
The Canadian Securities Administrators’ business plan for 2019-22 includes a focus on developing understanding of blockchain as well as approach to regulation.