The Toronto-based cryptocurrency-trading platform will be subject to the Investment Industry Regulatory Organization of Canada’s oversight and audit requirements. Customers will receive insolvency protection through the Canadian Investment Protection Fund. (The Logic)
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The Toronto-based cryptocurrency-trading platform will be subject to the Investment Industry Regulatory Organization of Canada’s oversight and audit requirements. Customers will receive insolvency protection through the Canadian Investment Protection Fund. (The Logic)
Talking point: Canadian securities regulators have been on a campaign to register cryptocurrency-trading platforms since the spring of 2021, but IIROC had held off on issuing approvals of its own to date. Matthew Burgoyne, a digital assets and blockchain lawyer at Osler, Hoskin & Harcourt, called the development “a very big deal” in an interview with Yahoo Finance Canada, noting IIROC is known as a conservative organization. The development is another step towards professionalization for Canada’s crypto-trading platform industry. In September, Coinsquare announced its intent to acquire rival platform Coinsmart.
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