Canadian Securities Authority incorporates DLT and cryptographic assets in its 2019-2020 business plan

Canadian Securities Authority incorporates DLT and cryptographic assets in its 2019-2020 business plan

The Canadian Securities Authority (CSA) is committed to understanding and managing Distributed Bookkeeping Technology (DLT) and its related components. Canadian securities regulators included part of the DLT and cryptographic assets in their 2019-2022 business plan released on July 13.

CSA's 2018-2022 business plan was approved on May 28th and represents CSA's efforts to set priorities for the next few years.

Among a number of priorities, such as fair and efficient markets, regulatory progress and risk reduction, CSA also pointed out the need to consider the impact of DLT, including blockchain technology.

CSA believes its interest in DLT has the potential to change the landscape of the financial industry. As a result, CSA will explore possible changes to adapt to existing regulatory frameworks to address the challenges of cryptographic assets. The document further states:

“This strategic goal includes (i) identifying emerging regulatory issues related to the need for regulatory action or clear technology, and (ii) developing tailored effective regulatory measures for identified major issues.”

In addition, CSA will consider hosting requirements related to cryptographic assets and financing issues that may be unique to blockchain securities.

Source: Cointelegraph

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Is it a good idea to recapture stolen funds in the reorganized block?

Foreword: After two days about whether hackers have stolen money, whether the funds should be reclaimed through reorg...

Blockchain

March scan of data on the Bitcoin chain: Before and after the 3.12 plunge, the data reveals the Bitcoin ecological leader

According to CoinDesk data, in March 2020, the bitcoin price fluctuated for a period of time after adjusting for a pe...

Blockchain

Incarnate "bitcoin old iron", Edward Snowden revealed that in 2013, he began to use Bitcoin to buy servers.

On June 27, the National Security Agency whistle-blower, Edward Snowden, revealed at Bitcoin 2019 that the server he ...

Blockchain

Bitcoin vs Gold: Is Bitcoin really a new “safe haven” asset?

Foreword: What is the future role of Bitcoin? Can it be stored as value? Is it only stored as value? There is a lot o...

Bitcoin

LianGuai Daily | Modular Blockchain Network Celestia Goes Live on Mainnet; SEC Chairman Congratulates Bitcoin Whitepaper on its 15th Anniversary

Tether's Q3 reserve report Cash and cash equivalents account for 85.7%, reaching a historic high; Circle will no long...

Blockchain

More than 100 million yuan out of funds! BitMEX was investigated and users were anxious

The focus of the US regulator survey is whether BitMEX violates regulations and allows Americans to trade cryptocurre...