January 27, 2023

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Bitcoin ETFs, strict licensing and a digital dollar from Cointelegraph

Canadian Crypto Regulation: Bitcoin ETFs, Strict Licensing, and a Digital Dollar

In October, Toronto-based Coinsquare became the first crypto trading company to receive a trader registration from the Investment Industry Regulatory Organization of Canada (IIROC). That means a lot because now Coinsquare investors’ funds enjoy the safety of the Canadian Investment Protection Fund in the event of bankruptcy, while the exchange is required to report regularly on its financial condition.

This news reminds us of the ins and outs of Canadian crypto regulation. While the country still enforces a fairly strict process for licensing virtual asset providers, it is outpacing the neighboring United States in its experimentation with crypto exchange-traded funds (ETFs), pension fund investments, and central bank digital currency (CBDC) efforts.

Read more on Coin Telegraph