Canadian regulatory physique clarifies stablecoin guidelines for exchanges and issuers

The Canadian Securities Directors (CSA) has supplied steerage to exchanges and cryptocurrency issuers on its interim strategy to what it calls value-referenced crypto property, with a selected give attention to stablecoins.

On Oct. 5, the umbrella group of Canada’s provincial and territorial securities regulators revealed a clarification saying it could enable buying and selling of sure cryptocurrencies that reference the worth of a single fiat foreign money, topic to phrases and circumstances.

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