**Crypto Regulation Tightens in Canada: What You Need to Know**
Canadian securities regulators have ramped up requirements for stablecoins, aiming to bolster investor protection. Speaking at the Blockchain Futurist Conference in Toronto, Suzanne Lasrado from the Canadian Investment Regulatory Organization (CIRO) emphasized that these rules are rooted in safeguarding investors.
The Canadian Securities Administrators (CSA) introduced these regulations in 2023, impacting many exchanges. While some, like Binance, exited the market, others, such as Gemini, adapted to the new guidelines.
Key points:
- CSA rules mandate written consent for stablecoin transactions.
- New guidance restricts lending of non-securities digital assets.
- Crypto platforms must register as investment dealers by the upcoming deadline.
These measures reflect a commitment to transparency and investor safety in the evolving crypto landscape.