Provincial regulators will soon give crypto platforms a deadline for delivering agreements to comply with certain requirements, saying they “will consider all applicable regulatory options” against those who don’t. (The Logic)

Talking point: The Canadian Securities Administrators’s announcement comes shortly after The Logic reported that Canadian crypto platforms met with regulators two months ago, urging them to rein in international crypto businesses that, like FTX, were operating in Canada without registration. Domestic crypto platforms argue it’s unfair that they have shouldered the cost and accepted the restrictions that come with complying with regulations, while their larger, richer, unregistered international competitors continue to accept Canadian customers without penalty. Following a regulator crackdown in the spring of 2021, enforcement has been uneven across the provinces—FTX was one of many offshore platforms that restricted users from Ontario, but not the rest of Canada.