The Canadian Securities Administrators previewed the guidance in December following the collapse of FTX, saying it illustrated the need for stronger oversight of the industry. Crypto platforms that are “unable or unwilling” to follow the new process should stop Canadian users from accessing their services, the regulators said.
The agency has faced criticism from the industry and some U.S. lawmakers who say the SEC has relied too much on enforcement and hasn’t done enough to provide clear guidance on registration and how securities rules apply to crypto trading platforms. In a statement to Bloomberg, Paxos said, “while our platform will no longer support Canadian customers in the immediate term, we will reassess our presence in this region in partnership with our clients’ evolving needs.”
Until PierrePoilievre gets into power and then its a free-for-all. Crypto-Bros in Cabinet!!
Corruption always wins
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