On March 29th, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) released a joint statement indicating that securities legislation could be applicable to crypto asset trading platforms (CTP) and that these platforms will be required to register with IIROC and their local securities administrator. In response, the Ontario Securities Commission (OSC) has established a deadline of April 19th for covered CTPs that are based in Ontario or that have a substantial connection to Ontario to register with the OSC.
Please find below a podcast wherein Advisors Marcelle Dadoun and Adam Feldman of The AML Shop are joined by Matthew Burgoyne, Partner and Head of the Cryptocurrency Blockchain group at McLeod Law to discuss "New Regulations for Crypto Companies'.
Advisors Marcelle Dadoun and Adam Feldman of The AML Shop are joined by Matthew Burgoyne, Partner and Head of the Cryptocurrency Blockchain group at McLeod Law to discuss "New Regulations for Crypto Companies'.
Discussed are the following topics:
- High Level overview of the CSA notice
- What we believe would not qualify as 'dealing in securities'
- What are the next steps/What do you need to do?
WATCH THE VIDEO