Cryptoknowmics
2022-12-13 22:04:04

Canadian Authorities Tighten Controls On Crypto Trading Networks

The collapse of the FTX exchange last month has led Canadian Authorities to enlarge the regulations that crypto trading platforms are supposed to follow. Additionally, there will be stricter enforcement of licensing, including for businesses that are accessible to Americans but are located abroad. Canadian Authorities to Tighten Guidelines for Crypto Trading In a statement released Monday, the Canadian Securities Administrators (CSA) laid forth more stringent guidelines for cryptocurrency businesses. A few of the controls include keeping client funds separate from proprietary business assets and making sure client assets are managed by an appropriate custodian. Additionally, they have forbidden selling The post Canadian Authorities Tighten Controls On Crypto Trading Networks appeared first on Cryptoknowmics-Crypto News and Media Platform .

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