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ARTICLE · 26 SEPTEMBER 2023

Canadian Regulators Continue Enforcement Efforts Aimed At Offshore Crypto Platforms

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Canadian regulators want to ensure that crypto-asset trading platforms (CTPs) know that they will not be able to evade Canadian and Ontario securities law sanctions by withdrawing from the Canadian market.

CanadaTechnology
Andrew Bozzato
Andrew Bozzato
Simon Grant
Simon Grant
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Canadian regulators want to ensure that crypto-asset trading platforms (CTPs) know that they will not be able to evade Canadian and Ontario securities law sanctions by withdrawing from the Canadian market. As part of a continuing coordinated effort to ensure adherence to Canadian securities regulations that we wrote about in March 2023 Canadian Securities Regulators Announce Increased Oversight on Crypto-Asset Trading Platforms and Clarify Stablecoin Guidanceand May 2023 Crypto-Asset Trading Platforms React to Increased Scrutiny and New Guidance from the Canadian Securities Regulators, the Ontario Securities Commission (OSC) is communicating that it will continue to collaborate with international securities authorities to pursue enforcement action against non-compliant CTPs, regardless of the location of their operations.

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