Canada: Opened Consultation on Regulatory Requirements for Public Investment Funds Investing in Crypto Assets

On 18 January 2024, the Canadian Securities Administrators (CSA) opened a consultation on regulatory requirements for public investment funds that seek to invest in crypto assets. The public consultation remains open until 17 April 2024. The proposed amendments aim to adapt the current regulatory framework to address the unique aspects and risks of crypto assets. The requirements include crypto asset investment restrictions and custodial obligations. The consultation is part of a larger project to implement a Canadian regulatory framework for public investment funds holding crypto assets.