Canada’s Office of the Superintendent of Financial Institutions seeks feedback on cryptocurrency disclosures
The Office of the Superintendent of Financial Institutions (OSFI) in Canada announced on Monday that it is seeking feedback on the public disclosure of cryptocurrency assets by federally regulated financial institutions, in order to strengthen scrutiny of the volatile industry alongside global regulators. OSFI proposed new guidance for cryptocurrencies in July on the basis of risk environment, followed by consultations. OSFI's consultation will run concurrently with another consultation by the Basel Committee on Banking Supervision (BCBS), a global regulator, which is also seeking feedback from banks on disclosing risks related to cryptocurrency assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Billions Erased in Crypto Crunch: Have We Seen the Bottom Yet? Experts Weigh In
Trump's Tariff Threat Ignites Market Panic: Bitcoin and Ethereum Spearhead the Relentless Crypto Crisis

Bitcoin Dips to Four-Month Low, But Why Are Miners Still Holding On?
Unflinching Bitcoin Miners Show Market Resilience Amid Decline, Reducing Selling Pressure

Unveiling the Reason: Metaplanet’s $13.6M Investment to Capitalize on Bitcoin’s Drop
Metaplanet Investors Capitalize on Bitcoin's Downswing, Yielding Better Returns Than MSTR Counterparts in 2024

It’s not a bear market, just a bull market pullback: Yanowitz
And why the SEC’s memecoin statement is a mixed bag, though a positive for crypto regulation

Trending news
MoreCrypto prices
More








