Canada Develops Regulatory Framework for Blockchain
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July 16, 2019
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The Canadian Securities Administrators (CSA) has issued a business plan for the period of 2019-2022, according to which, the regulator will focus on blockchain.

The document states the CSA will continue to identify and assess market developments and determine the need for regulatory responses to promote investor confidence and maintain fairness and stability in the financial markets.

Among other initiatives, the CSA is about to propose a regulatory regime for crypto-asset trading platforms.

"There arecurrently no platforms facilitating the secondary trading of crypto-assetsthat are regulated as a marketplace in Canada. Some of these platforms,depending on how they operate and the crypto-assets they offer, may besubject to securities or derivatives regulation," states the business plan.

Earlier the Bank of Canada and the Monetary Authority of Singapore (MAS) successfully conducted an experiment on cross-border payments via central bank digital assets.

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