Crypto Crackdown

On March 29, 2021, the CSA and IIROC jointly published Staff Notice 21-329 Guidance for Crypto-Asset Trading Platforms: Compliance with Regulatory Requirements, which provides additional guidance for Canadian and foreign crypto asset trading platforms regarding the application of Canadian securities laws to their operations, and states that CTPs are required to register as investment dealers and be regulated as marketplaces.

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Source: Ontario Securities Commission