The Canadian Securities Administrators (CSA) has provided guidance to the trading of stablecoins on crypto exchanges in the country. The update comes months after major exchanges, including Binance, halted operations in the country due to regulatory developments.The CSA has acknowledged that stablecoins, which it terms as “value-referenced crypto assets,” may constitute securities or derivatives. The guidance includes clarification on when crypto trading platforms and issuers of fiat-backed stablecoins can offer these assets to Canadian customers.Stan Magidson, CSA Chair and CEO of the Alberta Securities Commission, said that providers and issuers must adhere to transparency, particularly about their reserves and governance. He noted that these are “critical issues” that should be addressed in order to protect investors and market integrity.The latest clarification is in response to comments received from Canadian crypto market participants, the CSA said. The move is also a result of the push to have a framework that aligns with global standards and regulations.This year, Binance, OKX and Bybit announced their exit from the Canadian market citing the regulatory environment. Binance, the world’s largest crypto exchange by trading volume, pegged its departure on “new guidance related to stablecoins and investor limits”. Per the exchange, the requirements had made the Canadian market “no longer tenable” for business.

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Information	Details
Geography	North America
Countries	🇨🇦
Sentiment	neutral
Relevance Score	10
People	OKX, Bybit, Binance, Stan Magidson, Alberta Securities Commission
Companies	Canadian Securities Administrators (CSA), OKX, Bybit, Binance, Alberta Securities Commission
Currencies	None
Securities	None