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Canada Cryptoassets

Stikeman Elliott LLP

OSC Reviews Restricted Dealer Crypto Asset Trading Platforms

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The Ontario Securities Commission (“OSC”) completed a focused compliance review of the know-your-client (“KYC”), account appropriateness assessment and Client Limit (as defined below) practices of crypto asset trading...more

Bennett Jones LLP

Fintech in Canada Q3 2024

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CSA Extends Deadline to Delist Stablecoins  - The Canadian Securities Administrators (CSA) has once again extended the deadline for registered crypto-trading platforms to address trading in value referenced crypto assets...more

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Fintech in Canada Q2 2024

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Canada's Consumer-Driven Banking Act (CDBA) has become law. It was enacted on June 20, 2024, when Bill C-69, the Budget Implementation Act, 2024 received royal assent....more

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Fintech in Canada Q1 2024

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As we highlighted in our last quarterly Fintech update in 2023, a new regulatory framework under the Retail Payments Activities Act (RPAA) will soon affect all retail payment service providers (PSPs) doing business in Canada....more

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Ontario Superior Court Refuses to Enforce Crypto Giant’s "All-but-inaccessible" Arbitration Clause

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In Lochan v Binance Holdings Limited, 2023 ONSC 6714 (Binance), the Ontario Superior Court dismissed a motion brought by Binance Holdings Limited (Binance), the world’s largest crypto trading platform, to stay a proposed...more

Stikeman Elliott LLP

CSA Propose Amendments to Rules for Public Crypto Asset Funds

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The Canadian Securities Administrators (“CSA”) recently published proposed amendments to National Instrument 81-102 Investment Funds (“NI 81-102”) and changes to its companion policy (the “Proposed Amendments”) relating to...more

Stikeman Elliott LLP

CSA Publish Interim Approach to Stablecoins

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This fall, the Canadian Securities Administrators (“CSA”) released CSA Staff Notice 21-333 Crypto Asset Trading Platforms: Terms and Conditions for Trading Value-referenced Crypto Assets with Clients (the “Staff Notice”) to...more

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OSC Proposes Fee Increase for Restricted Dealers, Including Crypto Asset Trading Platforms

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The Ontario Securities Commission (“OSC”) recently proposed amendments (the “Proposed Amendments”) to OSC Rule 13-502 Fees and OSC Rule 13-503 (Commodity Futures Act) Fees (together, the “Fee Rules”) that would introduce two...more

Bennett Jones LLP

Fintech in Canada Q3 2023: Money20/20

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This series features insights on timely issues shaping the fintech industry, addressing critical subjects industry participants must consider in the areas of financial regulation, securities, commercialization of IT, AI,...more

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Blockchain & Cryptocurrency Regulation 2024: Canada

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Government attitude and definition - As in many countries, the regulation of cryptocurrencies in Canada is divided among various levels of government and administrative agencies, depending on the nature of the activity...more

American Conference Institute (ACI)

[Event] 29th Annual Flagship Conference on Regulatory Compliance for Financial Institutions - November 21st - 22nd, Toronto, ON,...

Don’t miss the opportunity to gain valuable insights from industry experts at Canadian Institute’s Annual Flagship Conference on Regulatory Compliance for Financial Institutions. This event will equip you with strategies to...more

Blake, Cassels & Graydon LLP

Rapport 2023 de la CVMO sur les activités principales de sa direction des fonds d’investissement et

La Commission des valeurs mobilières de l’Ontario (la « CVMO ») a récemment publié l’édition annuelle de son rapport sommaire sur les activités principales de sa direction des fonds d’investissement et produits structurés (le...more

Blake, Cassels & Graydon LLP

Highlights From the OSC’s 2023 Summary Report for Investment Fund and Structured Product Issuers

The Ontario Securities Commission (OSC) recently released its annual Summary Report for Investment Fund and Structured Product Issuers (Report), prepared by the Investment Funds and Structured Products Branch (IFSP Branch)...more

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Canadian Regulators Continue Enforcement Efforts Aimed at Offshore Crypto Platforms

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Canadian regulators want to ensure that crypto-asset trading platforms (CTPs) know that they will not be able to evade Canadian and Ontario securities law sanctions by withdrawing from the Canadian market. As part of a...more

Stikeman Elliott LLP

CSA Release Guidance on Public Crypto Asset Funds

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This summer, the Canadian Securities Administrators (“CSA”) published CSA Staff Notice 81-336 Guidance on Crypto Asset Investment Funds that are Reporting Issuers (the “Notice”) concerning funds that seek to invest in crypto...more

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Fintech in Canada Q2 2023: Navigating Industry Shifts and Legal Challenges

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Welcome to Bennett Jones' quarterly Fintech in Canada update, where our fintech lawyers address timely issues shaping the industry. We look at what industry participants need to know in the areas of financial regulation,...more

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CSA Publish 2022 Annual Oversight Report on SROs and IPFs

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The Canadian Securities Administrators (CSA) recently released their 2022 Annual Activities Report (Report) summarizing their key oversight activities and assessments of self-regulatory organizations (SROs) and investor...more

Bennett Jones LLP

Fintech in Canada Q1 2023: A Pivotal Moment

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Welcome to Bennett Jones' quarterly Fintech in Canada update, where our fintech lawyers address timely issues shaping the industry. We look at what industry participants need to know in the areas of financial regulation,...more

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Canadian Securities Regulators Announce Increased Oversight on Crypto-Asset Trading Platforms and Clarify

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On February 22, 2023, the Canadian Securities Administrators (CSA) released Staff Notice 21-332 (SN 21-332), which introduces enhanced pre-registration requirements that apply to unregistered crypto-asset trading platforms...more

Stikeman Elliott LLP

CSA Expand Commitments that are Immediately Required From Unregistered Crypto Asset Trading Platforms Operating in Canada

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On February 22, 2023, the Canadian Securities Administrators (CSA) published CSA Staff Notice 21-332 Crypto Asset Trading Platforms: Pre-Registration Undertakings – Changes to Enhance Canadian Investor Protection (the Staff...more

Blake, Cassels & Graydon LLP

ACVM : Nouvelles restrictions et échéance de conformité visant les plateformes de négociation de cryptoactifs non inscrites

À la suite des perturbations majeures survenues récemment dans le secteur des cryptoactifs, les organismes canadiens de réglementation en valeurs mobilières ont une fois de plus resserré l’étau autour des plateformes de...more

Blake, Cassels & Graydon LLP

CSA Imposes More Restrictions and March 24 Deadline on Unregistered Crypto Trading Platforms

In the aftermath of recent major disruptions in the crypto industry, securities regulators in Canada have again raised the bar for unregistered crypto asset trading platforms (CTPs) operating in Canada. In the latest of...more

Blake, Cassels & Graydon LLP

État du secteur de la fintech : mise à jour commerciale et réglementaire

Le secteur de la fintech demeure vigoureux au Canada, vu l’émergence continue de nouveaux règlements et de technologies novatrices. Ce secteur évolue constamment, il est donc important que les entreprises qui y exercent des...more

Blake, Cassels & Graydon LLP

The State of FinTech: Commercial and Regulatory Update

The fintech sector remains strong in Canada, with new regulations and innovative technologies continuously emerging. With change being a constant, it’s important for companies in the industry to stay up to date on the latest...more

Stikeman Elliott LLP

The OSC’s Statement Of 2023-24 Priorities: A Focus On Evolving Markets and Changing Investor Attitudes

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The Ontario Securities Commission (OSC) has released its 2023-24 draft Statement of Priorities, in which the OSC furthers previous goals, but with renewed focus on emerging trends and drivers of change – including financial...more

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