TORONTO, Aug. 15, 2022 (GLOBE NEWSWIRE) — Coinsquare, Canada’s leading cryptocurrency trading platform, today announced that it has entered into commitments with the Ontario Securities Commission (OSC) and other Canadian securities regulators. Announced. Digital asset activity is moving forward.
This business sets out Coinsquare’s operational obligations as it nears completion of the regulatory process by the Canadian Investment and Industry Regulatory Organization (IIROC) and the Canadian Securities Administrators (CSA). The terms of business are substantially consistent with the operating obligations applicable to Coinsquare upon final regulatory approval in Canada. The business covers customer account opening and monitoring, regulatory reporting, licensed products, and more.
Coinsquare is one of the first cryptocurrency trading platforms to offer this new form of business. In a press release issued today, the regulator indicated similar efforts would be required for other platforms pursuing securities licenses and IIROC memberships. Coinsquare supports the OSC’s pre-registration efforts and believes it makes the regulator’s expectations clear to the market regardless of the stage of the platform’s registration process. Coinsquare is excited that the Restricted Dealer crypto platform, and all other crypto trading platforms currently serving Canadians, will earn his IIROC membership.
This effort will be published on the OSC website.
Coinsquare has completed all registration and regulatory application documents, responded to regulatory comments on this material, and paid all applicable fees. Coinsquare plans to rescind this commitment upon receiving final regulatory approval from IIROC and CSA. If that happens, Coinsquare expects to become the first and only approved IIROC member of her to operate a regulated cryptocurrency-only dealer and market trading platform for digital assets.
While nearing completion of the regulatory process in Canada, the COINSQUARE file was published by the Canadian Business Journal.
Source link While nearing completion of the regulatory process in Canada, the COINSQUARE file was published by the Canadian Business Journal.