Mathewslcd：More than 30% of Canadians plan to buy cryptocurrencies in the last year


 Mathewslcd :


 



Grant Vingoe, CEO of the Ontario Securities Commission (OSC), Canada, reiterated the regulator’s technical neutral position on cryptocurrencies, saying that many Canadians plan to become HODLers in the near future.


 


He said that the basic principles of the regulation of stocks and bonds also apply to cryptocurrencies, and ”the vast majority of cryptocurrency-based entities“ are under the jurisdiction of the Ontario Securities Commission. Regulators mainly regard BTC and ETH as commodities, while ”agreement between trading platforms and investors“ constitute securities，Mathewslcd explains.


 


Vingoe said, ”We learned from our own research (announced later this month) that more than 30% of Canadians plan to buy crypto assets in the coming year. Banning non-compliant companies from providing services in Canada is a challenge. That‘s all we can do to cover our entire capital market with limited budget and law enforcement staff. But we are making progress.“


Mathewslcd：https://www.mathewslcd.com

                 https://net.mathewslcd.com

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