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ARTICLE · 28 MARCH 2019

The Spectre Of Regulation Looms For Crypto Asset Trading Platforms

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On March 14, 2019, the CSA and IIROC published Consultation Paper 21-402: Proposed Framework for Crypto-Asset Trading Platforms, a consultation paper seeking stakeholder input regarding a regulatory framework ...

CanadaTechnology

On March 14, 2019, the Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) published Consultation Paper 21-402: Proposed Framework for Crypto-Asset Trading Platforms (the Consultation Paper), a consultation paper seeking stakeholder input regarding a regulatory framework for crypto asset trading platforms (Platforms).

Key Takeaways

  • The Consultation Paper is representative of the continued and welcomed efforts by regulators to seek stakeholder collaboration in developing a regulatory framework for the rapidly evolving crypto industry.
  • The developing securities regime is expected to apply to not only Platforms that offer trading of crypto assets, which, themselves, constitute securities, but also to Platforms that offer trading of crypto assets "where the investor's contractual right to the crypto asset may constitute a security."

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