Observations on Disclosure by Crypto Assets Reporting Issuers

The Canadian Securities Administrators (CSA) released CSA Staff Notice 51-363 Observations on Disclosure by Crypto Assets Reporting Issuers (the Staff Notice). The Staff Notice provides guidance on the continuous disclosure obligations applicable to reporting issuers, other than investment funds, that are materially engaged in the business of mining and/or holding/trading of cryptocurrencies and other digital assets (crypto assets reporting issuers or crypto issuers). Crypto asset businesses considering an initial public offering or reverse take-over should carefully consider this new guidance, as should existing crypto issuers.

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Source: CSA

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