Regulation of cryptocurrencies in Canada: a digital dollar, stringent licensing, and Bitcoin ETFs
Join Our Telegram channel to stay up to date on breaking news coverage In October, the Investment Industry Regulatory Organization of Canada registered Toronto-based Coinsquare as the country’s first cryptocurrency trading company (IIROC). This is significant since Coinsquare is now forced to disclose its financial condition on a regular basis and investors’ monies are now protected by the Canadian Investment Protection Fund in the event of collapse. This news serves as a reminder of the unique aspects of Canadian crypto currency regulation. The nation outperforms the neighboring United States in its experiments with crypto currency exchange-traded funds (ETFs), pension fund investments, and central bank digital currency (CBDC) efforts—even though it still has a somewhat rigid licensing process for producers of virtual assets. A time of limited dealers Since none of its rivals can now claim the same legal footing, Coinsquare, which also happens to be Canada...