Tag: CSA
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CSA Tightens Net Over “Immediate Delivery” Platforms & Stablecoins
On July 30, 2026, the Canadian Securities Administrators (“CSA”) granted exemptive relief to a global financial infrastructure company (“the Filer”) from the dealer registration requirement in the context of certain stablecoin transactions that are “immediately delivered” to Canadian clients (i.e., client assets are not held by the platform). This decision suggests that the CSA is…
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All or Nothing: Examining the Canadian Ban on Prediction Market Platforms
With the announcement in April that certain CIRO[1] dealer members have received regulatory approval to offer event contracts,[2] there has been a consistent stream of public commentary regarding the permissibility of prediction markets for retail Canadian clients. Much of this commentary has been focused on potential consumer protection concerns while others have argued for the…
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“Specified Crypto Assets” Expanded to include Solana
Last October, I wrote an article discussing why the CSA needs to pivot away from investment limits placed on crypto assets except for those that are designated as “specified crypto assets” (“SCAs”). At that time, the designated SCAs included: bitcoin, ether, litecoin, bitcoin cash and certain stablecoins. Other than the addition of certain stablecoins, this…
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The Argument for the Hard Fork on Crypto Investment Limits in Canada
For certain jurisdictions of Canada, including Ontario, the application of investment limits for retail clients on crypto asset trading platforms (“CTPs”) remains a departure from the often-espoused messaging by regulators in taking a product-agnostic, technology-neutral, approach to securities regulation. This article examines the existing application of investment limits to CTPs and why this approach is…