๐ Oh, Canada! ๐ The Canadian Securities Administrators (CSA) just provided guidance on trading value-referenced crypto assets, especially stablecoins. If issuers keep a proper reserve of assets with a qualified custodian and crypto exchanges make info on governance, operations, and reserve of assets public, the CSA might let them trade! ๐คฏ
But, don't get too excited โ the CSA warns that even if they meet the terms, fiat-backed crypto assets are still risky and not endorsed. ๐ง
What do you think about Canada's approach to stablecoins? Share your thoughts below! ๐ฃ๏ธ
But, don't get too excited โ the CSA warns that even if they meet the terms, fiat-backed crypto assets are still risky and not endorsed. ๐ง
What do you think about Canada's approach to stablecoins? Share your thoughts below! ๐ฃ๏ธ