Canada: crypto regulation against algorithmic stablecoins

The various states, in no particular order, continue to take initiatives regarding the regulation of crypto, and in particular stablecoins. The latest initiative in this regard is by the Canadian Securities Administrators (CSA), which is the equivalent of the SEC in Canada. The CSA’s scope is quite broad, as it also includes that of the National Registration Database (NRD), the System for Electronic Disclosure by Insiders (SEDI), and the System for Electronic Document Analysis and Retrieval (SEDAR). Yesterday, the CSA issued a lengthy memo describing a change in their attitude toward crypto trading platforms (CTPs, crypto asset trading platforms) operating