Crypto.com Signs Pre-Registration Undertaking to Operate Under Canada’s OSC

Crypto.com has signed a pre-registration undertaking with the Ontario Securities Commission (OSC) in Canada, becoming the first global crypto exchange to offer crypto products in line with the regulatory agency’s rules.

Crypto.com Registers in Canada

On Monday, August 15, Crypto.com announced that it had signed a pre-registration undertaking with the OSC. 

The undertaking is recognized in all Canadian jurisdictions via a mutual Canadian Securities Administration (CSA) endeavor. The CSA ensures that Crypto.com provides a secure and trustworthy platform. 

The registration means the exchange will adhere to regulations from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and the Autorité des marchés financiers (AMF) in Quebec.

Crypto.com Continues Expansion

Crypto.com has continued enthusiastically growing its ecosystem. The exchange recently partnered with the Canadian e-commerce company Shopify to incorporate its payment option across all of Shopify’s one million merchants globally.

Crypto.com CEO Kris Marszalek has said compliance is a pillar of the company. The exchange has secured regulatory licenses in South Korea, the Cayman Islands, Cyprus, Greece, and Italy.

On the Flipside

  • When the crypto bear market was in full swing in June, Crypto.com was forced to lay off 5% of its workforce and reduce the size of its earn program.

Why You Should Care

By committing to regulatory compliance, Crypto.com becomes the first global crypto exchange authorized to conduct its business across all jurisdictions of Canada.

Crypto.com’s expansion in South Korea is covered below:

Crypto.com Secures Registration in South Korea Via Acquisition of Local Companies

Read about the downsizing of Crypto.com’s earn program in:

Memecoins Shiba Inu & Dogecoin Removed from Crypto.com Earn Program

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

Rate This Article
In order to improve, we give you the opportunity to rate DailyCoin content
Author

Milko is a DailyCoin reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs).