1/ Canadian Securities Administrators ( @CSA_News ) introduces interim guidance on "stablecoin" trading.
09 Oct 2023, 19:28
1/ Canadian Securities Administrators ( @CSA_News ) introduces interim guidance on "stablecoin" trading. 🇨🇦
This follows the CSA's stance from Feb 22, 2023 that #stablecoins might be securities and/or derivatives. 🪙
Same news in other sources
209 Oct 2023, 19:28
3/ 𝐎𝐯𝐞𝐫𝐚𝐥𝐥 𝐤𝐞𝐲 𝐩𝐨𝐢𝐧𝐭𝐬 𝐟𝐫𝐨𝐦 𝐂𝐒𝐀'𝐬 𝐢𝐧𝐭𝐞𝐫𝐢𝐦 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡:
#Stablecoin issuers must have adequate reserves.
Public disclosure about governance, operations & #reserves is mandatory.
Stablecoins ≠ #Fiatcurrency.
3/ 𝐎𝐯𝐞𝐫𝐚𝐥𝐥 𝐤𝐞𝐲 𝐩𝐨𝐢𝐧𝐭𝐬 𝐟𝐫𝐨𝐦 𝐂𝐒𝐀'𝐬 𝐢𝐧𝐭𝐞𝐫𝐢𝐦 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡:. #Stablecoin issuers must have adequate reserves.
3/ 𝐎𝐯𝐞𝐫𝐚𝐥𝐥 𝐤𝐞𝐲 𝐩𝐨𝐢𝐧𝐭𝐬 𝐟𝐫𝐨𝐦 𝐂𝐒𝐀'𝐬 𝐢𝐧𝐭𝐞𝐫𝐢𝐦 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡:
#Stablecoin issuers must have adequate reserves.
Public disclosure about governance, operations & #reserves is mandatory.
Stablecoins ≠ #Fiatcurrency.
09 Oct 2023, 19:28
2/ CSA emphasizes transparency for #stablecoins, demanding that issuers must hold adequate reserves & provide clear governance details. 🛡️
2/ CSA emphasizes transparency for #stablecoins, demanding that issuers must hold adequate reserves & provide clear governance d
2/ CSA emphasizes transparency for #stablecoins, demanding that issuers must hold adequate reserves & provide clear governance details. 🛡️