A row of Canadian financial regulatory authorities has stepped up its efforts in establishing a framework for the cryptocurrency industry while announcing a public consultation round.
The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) initiated a consultation paper in an effort to gather input from market participants on what regulatory requirements can be developed for cryptocurrency platforms.
The CSA is a national standards group covering 57 different areas in Canada. The IIROC is a self-regulatory body overseeing investment dealers and trading platforms.
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