Canadian Regulators Set New Rules for Unregistered Crypto Platforms
Canadian regulators have ordered that crypto trading platforms go through enhanced pre-registration in their pursuit to register. The changes include a prohibition on offering margin, credit, or other forms of leverage.
Canada Close to Tightening Rules for Crypto Exchanges: Sources
Later this month, Canada’s umbrella markets regulator, the Canadian Securities Administrators (CSA), will tighten requirements for cryptocurrency exchanges operating in the country, according to two people who have been briefed on the plans. The collapse of FTX, among other failings in the crypto industry, has speeded the resolve of the CSA, which announced midway through last year that it required certain compliance “commitments” from unregistered crypto trading platforms operating in Canada while they pursue registration. (Coindesk)
Canada To Soon Bring In Tougher Rules For Crypto Exchanges
Regulators in Canada are set to bring in tougher rules for exchanges in the country. According to latest reports, the Canadian Securities Administrators (CSA) will soon introduce a new set of rules that crypto exchanges need to follow to operate in its jurisdiction.
CEO of Canadian Utility That Proposed Banning New Power to Crypto Miners Exits
Sophie Brochu, the CEO of Hydro-Quebec - the utility company of the province of Quebec that late last year proposed suspending new power supply to the blockchain industry - is departing the firm on April 11, according to a Jan. 10 statement.
Tether [USDT] Canada Plans Go for a Toss As Exchange Announces Major News
There has never been a time when Tether [USDT] wasn’t being discussed, either positively or negatively. Being the most valuable stablecoin in the world, this comes as no surprise. However, recent developments in Canada may put the stablecoin’s dominant position in jeopardy.
British Columbia To Suspend New Power Connections for Crypto Mining
For the next 18 months, a state-owned power utility provider in the Canadian province of British Columbia, BC Hydro, is going to suspend all new power connection requests from cryptocurrency mining firms.
Canada Bars Exchanges From Margin, Leverage Trading; Says Stablecoins Might Be Securities
Canada’s Securities Administrators (CSA) on Dec. 12 <a href="https://www.securities-administrators.ca/news/csa-provides-update-to-crypto-trading-platforms-operating-in-canada/">barred</a> crypto exchanges operating in the country from offering margin or leverage trading services to any Canadian client.
Canadian Pension Fund Ends Crypto Research Effort: Reuters
Canadian pension plan CPP Investments has ended an effort to study crypto investment opportunities, Reuters reported, citing sources.
