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Canadian securities regulators provide update on interim approach to value-referenced crypto assets

News Financial services English Guidance
Date: 17th Apr, 2024 Source: Canadian Securities Administrators Country: Canada Original Source

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Summary:

The Canadian Securities Administrators (CSA) provides an update to crypto asset trading platforms (CTPs) on the implementation of its interim approach to value-referenced crypto assets (VRCAs). The CSA is extending the deadline for CTPs to stop allowing clients to buy, deposit, or enter into contracts for non-compliant fiat-backed crypto assets (FBCAs) to October 31, 2024. The update aims to address technical issues raised by CTPs in meeting the original deadline. The CSA reminds investors that all crypto assets, including VRCAs, carry risk and are not equivalent to fiat currency.

MONTREAL and TORONTO – The Canadian Securities Administrators (CSA) is providing an update today to crypto asset trading platforms (CTPs) on the implementation of its interim approach to value-referenced crypto assets (VRCAs). A VRCA is a crypto asset that is designed to maintain a stable value over time by referencing the value of a fiat

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MONTREAL and TORONTO – The Canadian Securities Administrators (CSA) is providing an update today to crypto asset trading platforms (CTPs) on the implementation of its interim approach to value-referenced crypto assets (VRCAs). A VRCA is a crypto asset that is designed to maintain a stable value over time by referencing the value of a fiat

This content is restricted.

Canadian Securities Administrators

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