Parties interested in the crypto asset trading industry have
been given an opportunity to provide their views on the appropriate
regulatory oversight in Canada for crypto asset trading
platforms.
On March 14, 2019, the Canadian Securities Administrators (CSA)
and the Investment Industry Regulatory Organization of Canada
(IIROC and, together with the CSA, the Regulators) jointly
published Consultation Paper 21-402
Proposed Framework for Crypto-Asset Trading Platforms
(Consultation Paper), in which the Regulators recognize the need
for regulation of platforms that facilitate the buying, selling or
transferring of crypto assets (Platforms).
The Regulators propose to address the novel features and risks
associated with such Platforms through a set of tailored regulatory
requirements (Proposed Platform Framework) to be further developed
through consultation with the financial technology community,
market participants, investors and other stakeholders. The
