Canada Demands Crypto Exchanges Mandatory Pre-Registration Within 30 Days
Crypto exchanges in Canada that intend to operate nationally must go through a pre-registration procedure within 30 days, according to a notification published on February 22 by the Canadian Securities Administration (CSA). The pre-registration undertaking will also need extra promises from crypto asset trading platforms.
According to the CSA, trading platforms must only permit the purchase or sale of such tokens if their reserves are made up of highly liquid assets and are kept with a licensed custodian. Moreover, they must be the focus of a monthly audit by impartial auditors, which must be timeously made public. The CSA expects crypto asset trading platforms to take necessary steps to off-board current Canadian customers and implement limits to prevent Canadian users from accessing their products or services if they are unable or unable to offer an upgraded pre-registration commitment.
Source
https://t.me/Bitcoin_Crypto_Coin_Calendar
