Canada Takes Proactive Measure to Safeguard Crypto Investors
CIRO’s new digital asset custody framework takes effect immediately, raising standards for crypto trading platforms as regulators push to reduce investor risk.
Canada's Investment Regulatory Organization (CIRO) has introduced a comprehensive set of rules for crypto custody in a bid to prevent a situation similar to the infamous QuadrigaCX scandal that shook the industry.
The new framework, implemented without delay, aims to enhance the security and protection of digital assets held by exchanges and trading platforms operating in Canada.
By raising the standards for custody practices, CIRO is actively working to mitigate risks associated with crypto trading, ensuring a safer environment for investors.
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