Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Canadian Securities Administrators Propose Amendments to Cryptocurrency Investment Fund Requirements

Canadian Securities Administrators Propose Amendments to Cryptocurrency Investment Fund Requirements

CointimeCointime2024/01/19 00:16
By:Cointime

The Canadian Securities Administrators (CSA) proposed amendments to regulations on how public investment funds handle cryptocurrency assets, with the aim of further clarifying custody rights and rules for funds handling cryptocurrency assets. Under the amendment, only alternative investment funds and non-redeemable investment funds are allowed to directly purchase, sell, or hold cryptocurrency assets, while other mutual funds can only invest in these funds to obtain exposure to cryptocurrencies.

In addition, the invested assets must be listed on an exchange recognized by the Canadian securities regulatory authority and must be interchangeable. The assets must also be insured and stored in cold wallets, and the internal management of the custodian must be audited annually by public accountants. The proposal will solicit opinions publicly within 90 days, and then draft a consultation paper and consider a broader regulatory framework for cryptocurrency assets.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!