Canada Securities Regulator Releases Crypto Asset Guidelines
Canadian public crypto asset fund issued in April 2020 resulted in the creation of a non-redeemable investment fund that invests its assets directly in Bitcoin (BTC). As of April 30, 2023, there are 22 Public Crypto Asset Funds in Canada with CAD $2.86 billion in net assets. advertisement Canada Announces Guidance on Crypto Asset Investment Funds The Canadian Securities Administrators (CSA) published guidelines on existing securities regulatory requirements for crypto asset investment funds. The CSA also mentioned its stance and expectations on crypto staking, crypto custodians, and investing in crypto assets other than Bitcoin (BTC) and Ethereum (ETH). The CSA said fund managers need to find an active market for the crypto asset, presence of a regulated futures market for that crypto asset, and available indices by a regulated index provider for the crypto asset. It must have a substantial trading volume. The CSA recommended using publicly available indic...