ledgernoise.com
Daily Crypto News

Canada financial regulator seeks feedback on crypto disclosures


(Reuters) – Canada’s financial watchdog said on Monday it was seeking feedback on the public disclosure of cryptocurrency assets by federally regulated financial institutions, joining global regulators in ramping up scrutiny on the volatile sector.

The consultation by Canada’s Office of the Superintendent of Financial Institutions (OSFI) comes after the agency in July proposed new guidelines for crypto assets citing a risky environment.

The cryptocurrency market is on the mend a year after the collapse of exchange FTX and other big players pummeled prices and prompted regulators around the world to take a closer look at banks dealing with crypto assets.

The OSFI’s consultation will be running alongside another from the Basel Committee on Banking Supervision (BCBS), a global supervisory body which has also sought feedback from internationally active banks on the disclosure of crypto-asset exposures.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Devika Syamnath)





Read More: Canada financial regulator seeks feedback on crypto disclosures

Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.