2025-03-27
The Autorité des marchés financiers has adopted amendments to Regulation 81-102 to establish a regulatory framework for public crypto asset investment funds in Quebec. The changes restrict direct crypto investments to alternative mutual funds and non-redeemable funds, mandate offline custody for crypto assets, and require annual assurance reports from custodians. These measures aim to codify existing industry practices and enhance investor protection while facilitating the development of new crypto-related investment products.