Canadian regulator unveils clear guidelines for stablecoins
The Canadian Securities Administrators (CSA) has issued new guidelines clarifying the treatment of stablecoins in the country, acknowledging their importance. The CSA also reveals that crypto service providers may be allowed to offer services for stablecoin s linked to a single fiat currency. You might also like: Bitbuy enters partnership with Canada’s largest Bitcoin ATM Provider Stan Magidson, CSA Chair and CEO of the Alberta Securities Commission, emphasized the need for transparency in value-referenced crypto assets, including their reserves and governance, to protect Canadian investors and maintain market integrity. He added that the framework will “further refine, establishes standards to ensure investors receive necessary information about the assets they are buying, along with associated risks.” These interim conditions were developed in response to feedback from crypto market participants. The CSA’s goal is to establish clear guidelines for the ...