USDT has been delisted one after another this year, and the Canadian Securities Regulatory Commission: Will conditionally open stablecoin trading

The Canadian Securities Administrators have slightly slowed down their previous high-intensity regulatory approach and issued a temporary regulatory plan for stablecoins, but whether stablecoin issuers can successfully break through is still a question.
Exchanges have previously removed stablecoins in Canada:
(Coinbase will suspend USDT trading, will stablecoins have stricter regulations in Canada?)
Canadian Securities Regulatory Commission: Conditional opening of stablecoin trading
According to the CSA announcement on October 5, CSA reiterated in February this year that Value-Referenced Crypto Assets (VRCAs), here mainly refers to stable coins, whose properties may constitute securities or derivatives.
However, the CSA has learned that stablecoins may have some practical uses for Canadian exchange users, so the CSA has decided to open certain stablecoin transactions if certain conditions are met.
Conditions include:
Issuer: Reserve assets must be deposited in a qualified custody institution.
Issuers and exchanges: need to disclose relevant information on asset management, operations and reserves.
 CSA Announcement: Stablecoin issuers need to apply by the end of the year
For an exchange to list a stablecoin, the stablecoin issuer must submit a formal commitment document to the CSA to address investor protection concerns.
The CSA expects issuers to provide relevant documentation by December 1, 2023, and urges the CSA to be contacted as early as possible.
CSA said:
We will continue to monitor and evaluate the role of stablecoins in Canadian financial markets and work closely with other international organizations to address the risks of such assets. If the temporary regulatory plan is too unrealistic for some market participants, we are also willing to consider it. alternative, provided that the issue of investor protection can be addressed.
This article USDT has been delisted one after another this year, and the Canadian Securities Regulatory Authority: Will conditionally open stablecoin trading. First appeared on Chain News ABMedia.