Canada to Change Investment Fund Requirements for Cryptocurrencies
Main page News, Canada, Cryptocurrency
Hot topic
19 January

The Canadian Securities Administrators (CSA) yesterday published a proposal aimed at changing the regulations governing the treatment of crypto assets by public investment funds.

The amendments reportedly aim to restrict the activities of public investment funds in relation to crypto as well as establish new rules for custody.

Subscribe to our Telegram channel to get weekly short digests about events that shape the crypto world

If the changes come into force, only alternative investment funds and non-redeemable investment funds will have the ability to buy, sell or hold crypto assets directly.

Other investment funds will only be able to invest in such funds to receive exposure to cryptocurrencies.

Another requirement would be the fact that the assets invested in would have to be listed on an exchange recognized by a securities regulatory authority in Canada and would have to be fungible.

In addition, the assets would have to be insured and held in cold wallets.

Read also:
Please describe the error