Skip to content

Canadian regulatory body allows Crypto.com pre-registration for operations in Canada

Canadian regulatory body allows Crypto.com pre-registration for operations in Canada

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.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts