ChainCatcher news, the Canadian Securities Administrators (CSA) has proposed amendments to regulations regarding how public investment funds handle crypto assets, aimed at further clarifying custody rights and the rules for funds dealing with crypto assets.According to the amendment, only alternative investment funds and non-redeemable investment funds are allowed to directly purchase, sell, or hold crypto assets, while other mutual funds can only invest in these funds to gain exposure to cryptocurrencies. Additionally, the assets must be listed on exchanges recognized by Canadian securities regulators and must be interchangeable. The assets must also be insured and stored in cold wallets, and an annual review of the custodian's internal management is required by a public accountant.It is reported that the proposal will be open for public consultation for 90 days, after which a consultation document will be drafted and a broader regulatory framework for crypto assets will be considered.

ChainCatcher news, according to The Block, KPMG's Canadian branch has partnered with the crypto data platform Chainalysis to help organizations combat crypto-related fraud. As part of this, KPMG has joined Chainalysis's solution provider program to offer solutions for cryptocurrency exchanges, financial institutions, law enforcement agencies, and government bodies, enabling strict monitoring, support, governance, and risk management.As part of this program, KPMG professionals will become Chainalysis Certified Investigators, aimed at assisting their clients in detecting and preventing illegal activities based on cryptocurrency, complying with evolving cryptocurrency regulations, and enhancing existing anti-money laundering compliance.

ChainCatcher news, since Binance announced its exit from Canada in May, Kraken's customer deposits in the country have increased by 25%. After OKX announced its exit from Canada in March, the download volume of two mobile applications offered by Kraken for Canadian customers has increased fivefold. (CoinDesk)

ChainCatcher news, the cryptocurrency exchange platform Bybit announced that it will begin its exit from the Canadian market on May 31, citing recent regulatory developments in Canada. Bybit stated that starting from May 31, no new accounts will be opened for Canadian customers, and existing clients will be unable to make any new deposits or enter into new contracts starting July 31, but will be able to withdraw or reduce their positions. (CoinDesk)

ChainCatcher news, the decentralized derivatives trading platform dYdX has announced its exit from the Canadian market and is gradually reducing user access from Canada. Starting from April 7th, 17:00 UTC (April 8th, 1:00 Beijing time), dYdX will stop recruiting new users in Canada, but existing users will have one week to continue trading. From April 14th, 17:00 UTC (April 15th, 1:00 Beijing time), all users in Canada will switch to a close-only mode, and users can withdraw their funds at any time.It is reported that the dYdX team stated that they may resume services in the country if the regulatory environment in Canada changes in the future. (source link)