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ARTICLE · 26 OCTOBER 2022

Regulatory Developments In Crypto From CSA To OSFI

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In this quarterly update, we consider two developments from the third quarter of 2022:

CanadaTechnology
Mohammed Muraj
Mohammed Muraj
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The Canadian landscape for cryptoassets continues to mature against the backdrop of evolving securities and banking regulatory requirements, among other considerations.

In this quarterly update, we consider two developments from the third quarter of 2022:

  • the Canadian Securities Administrators (CSA) renewed its push for crypto trading platforms operating in Canada to comply with applicable securities laws by announcing its expectation for unregistered crypto trading platforms to provide a pre-registration undertaking; and
  • the Office of the Superintendent of Financial Institutions (OSFI) issued an advisory setting out OSFI's interim approach for the regulatory capital and liquidity treatment of cryptoasset exposures held by federally regulated financial institutions.

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