“To foster innovation and respond to novel circumstances, the CSA has considered an interim, time-limited registration that would allow [crypto platforms] to operate within a regulated environment, with regulatory requirements tailored to the [platform’s] operations,” the CSA said in the order granting relief to Coinbase.
While it’s registered as a restricted dealer, Coinbase will seek registration as an alternative trading system and as an investment dealer, along with membership in the Canadian Investment Regulatory Organization, the order noted.
In a release, Coinbase said the CSA approval follows a process that began in March 2023 when the firm signed a pre-registration undertaking with the CSA.
“Furthermore, Coinbase collaborated with Canadian banks, investment advisors, and pension funds to demonstrate its dedication to facilitating its successful navigation of the evolving digital asset realm,” it…
