CSA sets rules of the road for crypto funds
Incorporating these provisions into the rules “will provide investment fund managers with greater regulatory clarity concerning investments in crypto assets,” the CSA said in a notice detailing the rule changes.
For instance, the rules will now spell out criteria for the types of cryptoassets that regulated investment funds are allowed to hold, set restrictions on investing in crypto assets for crypto funds and traditional investment funds, and establish custody requirements for cryptoassets.
“By implementing regulations around crypto asset offerings, we aim to provide guardrails in this evolving sector,” said Stan Magidson, chair of the CSA and chair and CEO of the Alberta Securities Commission (ASC), in a…
