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ARTICLE · 26 MARCH 2019

Risky Business - Opportunities And Challenges For Growth In The Crypto Insurance Market

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On March 14, 2019, the CSA and IIROC jointly published a consultation paper regarding the development of a regulatory framework for crypto-asset trading platforms in Canada.

CanadaTechnology

On March 14, 2019, the Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) jointly published a consultation paper (the Consultation Paper) regarding the development of a regulatory framework for crypto-asset trading platforms (Platforms) in Canada.

Background

There is presently no overarching regulatory framework for Platforms operating in Canada. The CSA and IIROC are seeking input from stakeholders to craft a suitable regulatory framework for crypto-currency exchanges operating in Canada. On August 24, 2017, the CSA published Staff Notice 46-307 - Cryptocurrency Offerings (the CSA Notice) in response to an increase in crypto-currency offerings which clarified that exchanges permitting the trading of any crypto-currencies that qualify as “securities” (e.g., coins, tokens) under applicable securities legislation will be subject to Canadian securities law requirements much like any other securities exchange. The

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