Synopsis: The
regulation of Crypto Assets is a global issue of growing concern. In the US,
the Financial Stability oversight council reports that “widespread adoption of
digital assets poses risk if the market continues to grow without better
oversight and enforcement.” Does the Canadian approach offer a viable solution?
Grant Vingoe, OSC CEO, suggests as much in a speech on October 6, 2022, “In
Canada, we have been at the forefront of bringing crypto assets into the
regulatory perimeter to give genuine innovators room to develop their ideas
while still protecting investors. We have taken many concrete measures while
others continue to struggle with definitions and fight jurisdictional battles….
Some of the largest platforms in the world … see the reputational value of
being within the regulatory perimeter and competing on a level playing field.
Well-run firms tend to be receptive to a reasonable approach that includes open
conversations, manageable deadlines, and an efficient onboarding process.”
Background:
A 2022
Primer for Crypto-Trading, 13 Jul 2022, Andreas Park, University of Toronto
“Buyer
Aware: applying essential protections to the crypto world” Keynote Address by
Grant Vingoe Chief Executive Officer, Ontario Securities Commission Economic
Club of Canada October 6, 2022
Ontario
Securities Commission Crypto Asset Survey, Final Report 2022-09-26
Backgrounder: Regulation of Crypto Currency, December 1, 2022, Ryan Riemenschneider, JD/MBA Candidate – 2023, Capital Markets Institute JD/MBA Student Fellow, University of Toronto Faculty of Law / Rotman School of Management
Speakers:
Debra
Foubert, Director, Compliance and Registrant Regulation,
Ontario Securities Commission
Dan
Padro, Director of Policy, Credit Unions, Insurance
Prudential & Pensions, Financial Services Regulatory Authority
Andreas
Park, Research Director, Rotman FinHub; Professor of
Finance, Department of Management, University of Toronto Mississauga and Rotman
School of Management
Poonam
Puri, Professor, Osgoode Hall Law School, York
University
Blair
Wiley, Chief Legal Officer, Wealthsimple
Host: Alexander Dyck, Director, Capital Markets
Institute, Rotman School of Management