Cryptocurrency Q&A
What is the guidance for crypto-asset trading platforms?
What is the guidance for crypto-asset trading platforms?
CryptoWanderer
Thu Jul 11 2024
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5 answers
1131
As a financial professional, I'm curious to understand the guidance for crypto-asset trading platforms. Could you elaborate on the regulatory framework that these platforms must adhere to? Specifically, are there any requirements for Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures? Additionally, are there any rules or policies concerning consumer protection, market manipulation, and transparency of transactions? Furthermore, are there any international collaborations or agreements among regulators to ensure consistency in the oversight of these platforms? I'm interested in understanding the overall regulatory landscape for crypto-asset trading platforms.
5 answers
GalaxyGlider
Sat Jul 13 2024
This guidance aims to establish a regulatory framework for crypto businesses operating in Canada, specifically those that deal with security tokens or crypto contracts.
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KpopStarlight
Sat Jul 13 2024
Under the new guidelines, crypto businesses are required to register with the respective authorities as either "investment dealers" or "regulated marketplaces."
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Davide
Sat Jul 13 2024
The registration process ensures that these businesses adhere to strict compliance standards and regulatory oversight.
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Valentino
Sat Jul 13 2024
In 2021, the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Securities Administrators (CSA) jointly introduced the Guidance for Crypto-Asset Trading Platforms.
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Michele
Sat Jul 13 2024
By requiring registration, the IIROC and CSA aim to protect investors from potential risks associated with crypto trading while also promoting market integrity and fairness.
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