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Canada issues new guidance for digital currency exchange regulation Business Authorities in Canada have published new updated guidance for digital currency exchanges operating in the country, in a move that could lead to the introduction of mandatory licensing requirements. Two Canadian regulatory agencies published the proposals which target crypto-asset trading platforms, or CTPs, The Globe and Mail reported. The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada published the proposals in order to delineate where existing securities legislation applies to the activities of digital currency businesses. As per the proposals, new licensing requirements would be introduced for digital currency platforms that retain control over customer funds. The rules will not extend to non-custodial exchanges, unless they also offer margin trading.

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