Canada's regulators offer guidance on crypto advertising and marketing

Friday 19 November 2021 14:42 CET | News

Canadian regulators have issued a guidance regarding the problematic advertising and marketing practices of crypto trading platforms.

The joint guidance published by the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) should provide more clarity for crypto. Principal requirements with respect to advertising, marketing, social media activities, fee disclosure and other compliance matters for crypto-trading platforms under Canadian securities legislation are set out in the guidance, with examples of statements that could be considered false or misleading.

Advertising and marketing activities may be reviewed by the CSA as part of the registration review process and following registration as part of a compliance review. The CSA may take enforcement action, including against foreign-based crypto-trading platforms with investors in Canada that do not comply with Canadian securities legislation.

The Notice also serves as a warning to CTPs seeking registration in Canada on potential compliance issues that could be raised in the registration process.

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Keywords: cryptocurrency, blockchain, regulation, trading platform
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: Canada
This article is part of category

Blockchain & Cryptocurrencies