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Goodmans LLP Update: Canadian Securities Regulators Propose to Regulate Crypto-Asset Platforms

The Canadian Securities Administrator (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC, together with the CSA, the “Regulators”) are soliciting insight on how Canada should best regulate crypto-asset trading platforms (“Platforms”). On March 14, 2019, the Regulators jointly released Consultation Paper 21-402 Proposed Framework for Crypto-Asset Trading Platforms (the “Paper”), which proposes a framework of tailored regulatory requirements (the “Proposed Framework”) to address novel features and risks of trading in crypto-assets. Authors: Allan Goodman and Dan Eitutis