The Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Securities Administrators (CSA) are considering new rules for the crypto trading platforms in the country in the aftermath of the scandal around Quadriga CX, which deprived investors of about 135,000,000 USD in crypto assets.
The plan involves setting tailored regulatory requirements to address the “novel features and risks” associated with the crypto exchange platforms.
The plan involves setting tailored regulatory requirements to address the “novel features and risks” associated with the crypto exchange platforms.