Canada’s Crypto Regulations: Bitcoin ETFs, Rigorous Licenses, and the Digital Dollar
In October, Toronto-based Coinsquare became the first crypto trading business to sign up for an agent from the Investment Industry Regulatory Organization of Canada (IIROC). That makes a lot of sense as Coinsquare investor funds now enjoy the protection of the Canadian Investment Protection Fund in the event of insolvency, while the exchange is required to report the situation. regular finance.
This news reminds us of the peculiarities of Canadian crypto regulation. While the country still holds a fairly tight licensing process for virtual asset providers, the country has already surpassed its neighbor the United States in crypto tests. exchange-traded funds (ETFs)pension fund investments and central bank digital currency (CBDC) efforts.