Some digital-asset trading services are “in the door,” but many others are “slow” to comply with the regulator’s efforts to have them register as securities dealers, Ontario Securities Commission chair Grant Vingoe said in a speech to the Canadian Club of Toronto. (The Logic)
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Some digital-asset trading services are “in the door,” but many others are “slow” to comply with the regulator’s efforts to have them register as securities dealers, Ontario Securities Commission chair Grant Vingoe said in a speech to the Canadian Club of Toronto. (The Logic)
Talking point: Canadian securities regulators are in the process of cracking down on unregistered cryptocurrency trading platforms, with the OSC having set a deadline of April 19 for such businesses to start the process of registering or face enforcement action. An analysis by The Logic found the number of businesses offering cryptocurrency trading services in Canada has exploded, with only one—Wealthsimple—that registered with securities regulators. Vingoe said securities regulators faced pushback when they first asserted jurisdiction over the industry, but such complaints have receded. Meanwhile, prominent international exchanges faced service disruptions amid a massive crypto selloff this morning.
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