Grant Vingoe, Chief Executive Officer of the Ontario Securities Commission (Ontario Securities Commission :OSC Reiterates Tech-neutral Stance of Crypto Regulators, While Saying Many Canadians plan to become HODLers in the near future.
In a keynote address before the Economic Club of Canada on Oct. 6, Vingoe said The regulatory fundamentals of stocks and bonds are applicable tocrypto contract Equally, “most crypto-related entities” are under the authority of the OSC.
“As a securities regulator There is no nature of Crypto assets or underlying technologies. whether it is positive or negative That drives our governance approach,” Vingoe said. “We are not here to select winners and losers during investments. We take an impartial and thoughtful approach to all new products entering our market. And we use the same reasoning to evaluate these products.”
He added that the growing crypto market connected to the financial system may cause concern. Referring to the collapse of the QuadrigaCX exchange:
“We know from our own research. (It will be published later this month) that more than 30 percent of Canadians plan to buy crypto assets next year. [… ] “
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