Regulatory Alerts2023-10-05
CSA Staff Notice 21-333: Crypto Asset Trading Platforms: Terms and Conditions for Trading Value-Referenced Crypto Assets with Clients
The Canadian Securities Administrators issued this notice to establish interim terms and conditions allowing registered crypto asset trading platforms to offer fiat-backed crypto assets to clients. These platforms must cease offering non-compliant value-referenced crypto assets by December 29, 2023, and ensure all remaining offerings meet specific reserve and disclosure requirements by April 30, 2024. Issuers are required to file acceptable undertakings with the CSA by December 1, 2023, to facilitate this interim regulatory framework.
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