Brand new guidance on the application of securities legislation to entities facilitating the trading of crypto assets in Canada

Canadian Securities Administrators (CSA) just release a brand new guidance on the application of securities legislation to entities facilitating the trading of crypto assets.

You can see all details here: https://www.osc.gov.on.ca/documents/en/Securities-Category2/csa_20200116_21-327_trading-crypto-assets.pdf

Here’s my favorite part of the report:
“We welcome innovation and recognize that new fintech businesses may not fit neatly into
the existing framework. The CSA Regulatory Sandbox is an initiative of the CSA to
support fintech businesses seeking to offer innovative products, services and applications
in Canada. It allows firms to register and/or obtain exemptive relief from securities law
requirements, under a faster and more flexible process than through a standard application,
in order to test their products, services and applications throughout the Canadian market,
generally on a time-limited basis.”

How about that @canesin @fabwa @ethan @Nathaniel @LucianoEngel?

Thank for your time

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That is in line with expectations, maybe even a bit soft, in the traditional finance space exchanges have been forbidden from being the custodians many years ago (NYSE and Nasdaq are non-custodial). The traditional solution is to use a neutral centralized custodian, Blockchain fix the centralized part here.

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Great !

Thank you @canesin