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ARTICLE · 22 NOVEMBER 2022

Canadian Federal Financial Regulators Issue Joint Statement On Crypto Assets

McCarthy Tétrault
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On November 16, 2022, the Office of the Superintendent of Financial Institutions, the Financial Consumer Agency of Canada and the Canada Deposit Insurance Corporation issued a joint statement to all regulated entities engaging in crypto asset activities or crypto-related services.

CanadaTechnology
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TechLex Blog
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Ana Badour
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Lori Stein
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Lucie Tedesco
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Jacob A. Robinson
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On November 16, 2022, the Office of the Superintendent of Financial Institutions (OSFI), the Financial Consumer Agency of Canada (FCAC) and the Canada Deposit Insurance Corporation (CDIC) issued a joint statement to all regulated entities (regulated entities) engaging in crypto asset activities or crypto-related services, including but not limited to, "acting as crypto-asset custodians; maintaining stablecoin reserves; issuing crypto and other digital assets; sub-custodial arrangements for crypto as well as dealing in any derivatives/securities financing transactions (SFTs), or other assets referencing crypto; acting as market makers or exchange or redemption agents in regards to crypto-assets; participating in blockchain and distributed ledger-based settlement or payment systems, including performing node functions; as well as related activities such as finder activities and lending in regards to crypto-assets."

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