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ARTICLE · 23 DECEMBER 2022

Following The FTX Collapse: Strengthened Oversight On Crypto Trading Platforms Announced By The Canadian Securities Administrators

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In reaction to recent events in the crypto market, the Canadian Securities Administrators (CSA) have announced their intention to strengthen their oversight of cryptocurrency asset trading platforms (CTPs) operating in Canada.

CanadaTechnology
Jason Saltzman
Jason Saltzman
Yasmine Mekallach
Yasmine Mekallach
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In reaction to recent events in the crypto market, the Canadian Securities Administrators (CSA) have announced their intention to strengthen their oversight of cryptocurrency asset trading platforms (CTPs) operating in Canada (or which are accessible by Canadians).

If you are operating an unregistered crypto-asset trading platform that is accessible to Canadians, the CSA remind that you will be required to deliver a pre-registration undertaking (PRU) to your principal regulator prior to the deadline (which will be announced shortly) while pursuing registration. The CSA have also announced that unregistered CTPs must now agree to expanded terms and conditions which include requirements to:

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