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ARTICLE · 02 DECEMBER 2022

For Crypto, Canadian Federal Financial Regulators Support More Of The "Same"

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Against the backdrop of the FTX insolvency and its follow-on effects for the rest of the crypto-asset ecosystem, the Office of the Superintendent of Financial Institutions (OSFI),...

CanadaTechnology
Mohammed Muraj
Mohammed Muraj
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Against the backdrop of the FTX insolvency and its follow-on effects for the rest of the crypto-asset ecosystem, 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 supporting the principle of “same activity, same risk, same regulation”.

What you need to know

  • Federally regulated entities that carry out crypto-related services or engage in crypto-asset activities are expected to adhere to all applicable current regulatory requirements and guidance.
  • OSFI, FCAC and CDIC support the principle of “same activity, same risk, same regulation”.

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