The Canadian Securities Administrators (CSA) has updated its guidance for crypto asset trading platforms, extending the deadline for halting trading of unregulated crypto assets until October. Investors have faced “significant harm” due to unregulated crypto collapses and activities of unregistered participants, prompting the CSA to express ongoing concerns over investor protection.
The CSA reminds Canadians that holding crypto contracts lacks the protections of regulated deposits and warns that crypto asset trading is speculative and highly volatile. Canada, home to about five million crypto holders, remains one of the most crypto-aware nations globally.
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