As a part of the global trend of stablecoins carving out its niche, the Canadian Securities Administrators (CSA), the watchdog organization overseeing Canada’s provincial and territorial securities regulators, has stepped in with new guidelines to provide clarity on the trading and issuance of stablecoins within its borders.

Among numerous assets holding different characteristics and utilities, in the world of crypto, stablecoins, which tie their value to traditional fiat currencies or other assets, have risen in popularity. 

CSA’s Interim Framework For Stablecoins

The CSA’s recent announcement on October 5th offers insight into its interim stance on “value-referenced crypto assets,” specifically emphasizing stablecoins.

The clarification emerges as a significant update from its February statement, in which the CSA emphasized that stablecoins might fall under the purview of securities and derivatives. Thus, Canadian exchanges would be restricted from trading them. 

However, this rece

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Author: Samuel Edyme

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