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ARTICLE · 29 MAY 2023

Registration Roundup: The Development Of Securities Regulation Of Crypto Trading Platforms (CTPs) In Canada

McMillan LLP
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The Canadian Securities Administrators (the "CSA") continue to develop the securities regulatory framework applicable to crypto trading platforms ("CTPs") operating in Canada...

CanadaTechnology
Jennie Baek
Jennie Baek
Matthew DeAmorim
Matthew DeAmorim
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The Canadian Securities Administrators (the "CSA") continue to develop the securities regulatory framework applicable to crypto trading platforms ("CTPs") operating in Canada, which has been an area of focus for the CSA for several years. As a result, CTPs and other industry participants face an evolving legal environment as they navigate these changes. This bulletin provides a brief summary of the development of securities regulation of CTPs by the CSA, a snapshot of the current state of CTP registrations, and insight into potential future developments in this space.

A Brief History

The CSA consider CTPs to be platforms that facilitate the trading of digital assets (generally referred to as "crypto" or "crypto assets" by the CSA) that are considered securities or instruments or contracts involving digital assets (generally referred to as "crypto contracts" by the CSA), and includes marketplaces, dealers, and business models incorporating elements of both.

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The foregoing provides only an overview and does not constitute legal advice. Readers are cautioned against making any decisions based on this material alone. Rather, specific legal advice should be obtained.

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