Today, August 15, the cryptocurrency platform Crypto.com made the announcement that it has signed a pre-registration undertaking with the Ontario Securities Commission (OSC) in Canada.
In particular, the agreement granted by the OSC and all Canadian jurisdictions via a combined Canadian Securities Administration (CSA) effort makes Crypto.com the first global cryptocurrency platform now operating in Canada in accordance with this regulatory initiative, as per a press release by the crypto exchange.
In accordance with the stipulations of the agreement, Crypto.com has agreed to collaborate with the OSC in order to provide a variety of products and services that are in complete compliance with the relevant Canadian regulations.
Canadian crypto regulations
It’s also worth highlighting that the endeavor expands upon the regulations already in place for Crypto.com in Canada, which are governed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and the Autorité des marchés financiers (AMF) of Quebec respectively.
Kris Marszalek, CEO of Crypto.com noted:
“Compliance underscores everything that we do at Crypto.com. The North American market, and Canada specifically, represent a significant area of potential growth for the crypto market.
He added:
“We are proud to work with the OSC and the CSA in providing Canadian customers access to a safe, secure, and reliable global platform.”
With more than 50 million users all around the globe, Crypto.com’s ambitions to continue growing and expanding its ecosystem are reinforced by the latest announcement, which keeps the momentum going for the company’s regulatory licensing plans.
Jordan is an investor and market analyst. He’s passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.
Source: https://finbold.com/canadian-regulatory-body-allows-crypto-com-pre-registration-for-operations-in-canada/